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Spotify revenue up 19% in 2024; profit potential grows

seekingalpha.com —

Spotify reported a 19% increase in revenue for 2024 compared to the previous year. This growth marks a significant improvement in the company's financial performance. The results indicate that Spotify is experiencing strong momentum, with better profit margins contributing to its success. Analysts suggest that Spotify could become even more profitable by 2027, reflecting ongoing positive trends in its business model.

With a significance score of 2.1, this news ranks in the top 43% of today's 18215 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 9000 minimalists.

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Timeline:

    [2.5]
    Spotify's royalties mainly benefit music industry intermediaries (cbc.ca)
    5d 7h
    Source
    [2.3]
    Spotify's $10B payout benefits few artists significantly (news.yahoo.com)
    5d 7h
    Source
    [2.2]
    Spotify paid £7.7 billion in royalties in 2024 (nme.com)
    5d 7h
    Source
    [2.2]
    Songwriters struggle despite Spotify's $10 billion payouts (variety.com)
    5d 12h
    Source
    [2.3]
    Nearly 1,500 artists earned over $1 million each (cnbc.com)
    5d 13h
    Source
    [2.7]
    Spotify paid $10 billion to artists in 2024 (euronews.com)
    5d 14h
    Source
    [2.5]
    Spotify paid record £7.7 billion in royalties (bbc.com)
    5d 16h
    Source
    [2.3]
    Spotify paid $5 billion to indie artists in 2024 (hollywoodreporter.com)
    6d 0h
    Source
    [2.4]
    Spotify reports growing artist earnings and diverse representation (billboard.com)
    6d 0h
    Source
    [2.4]
    Spotify announces record $10 billion payout to music industry (independent.co.uk)
    6d 0h
    Source
    [2.4]
    Spotify claims improved payouts, but artists disagree (techcrunch.com)
    6d 0h
    Source