Financial Performance Insights of Spotify (SPOT) in Q1 2024

Tuesday, 23 April 2024, 13:43
In Q1 2024, Spotify (SPOT) exhibited impressive financial performance. Total revenue surged by 20% to EUR3.63 billion, with net income grossing EUR197 million. Additionally, monthly active users (MAUs) rose by 19% to 615 million. Looking ahead, Q2 2024 revenue is anticipated to hit EUR3.8 billion, with MAUs estimated to reach 631 million. The article provides valuable insights into the financial strides made by Spotify in the first quarter of 2024.
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Financial Performance Insights of Spotify (SPOT) in Q1 2024

Spotify (SPOT) Q1 2024 Earnings Insights

In Q1 2024, Spotify (SPOT) showcased robust financial performance, with total revenue soaring by 20% year-over-year to EUR3.63 billion.

Net income attributable to owners of the parent reached EUR197 million, translating to EUR0.97 per share, as opposed to a loss of EUR225 million in the previous year.

Total monthly active users (MAUs) experienced a 19% YoY increase, totaling 615 million.

For Q2 2024, forecasted total revenue stands at EUR3.8 billion, with estimated MAUs of 631 million.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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