Spotify turns a profit (you don’t)
NewsThe Swedish music app has published results for the final quarter of 2024, its first full year of profitability.
Revenue rose 16 per cent year-on-year to €4.2 billion. Users grew by 12 percent to 675 million, subscribers by 11 percent to 263 million.
Musicians were paid peanuts.
Founder Daniel Ek says they should be grateful.
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