Spotify achieved its first full year of profitability in 2024, shifting focus from growth to profit. The company saw strong user growth, with 675 million monthly active users and 263 million premium subscribers. A key factor may have been Apple’s recent policy change in Europe, allowing Spotify to display pricing and direct users to its website, bypassing Apple’s 30% commission. This follows an EU fine against Apple for anticompetitive practices.
Source: 9to5Mac
