Spotify stock jumps as it achieves first full year of profitability

Spotify shares soared 9% after reporting a major milestone—its first full year of profitability. For Q4 2024, Spotify saw massive gains: 675 million monthly users (+12%) and 263 million premium subscribers (+11%). It posted €1.4 billion in operating income for the year, with a strong boost from cost-cutting efforts and shifts away from its podcast strategy. CEO Daniel Ek is optimistic about 2025.