Spotify Technology S.A. (SPOT) on Tuesday reported a sharp increase in profit for the fourth quarter, driven mainly by revenue growth and higher finance income. The audio streaming company's share surged more than 14% in pre-market trading.
Profit before tax more than doubled to €1.021 billion from €499 million in the fourth quarter of 2024.
Operating income increased to €701 million from €477 million a year earlier.
Net income attributable to owners of the parent rose to €1.174 billion, or €4.43 per share, from €367 million, or €1.76 per share, in the fourth quarter of 2024.
Revenue for the quarter climbed 7% to €4.531 billion from €4.242 billion in the prior-year period.
Finance income increased to €349 million from €127 million last year. The company also recorded an income tax benefit of €153 million in the fourth quarter.
Total Monthly Active Users (MAUs) grew 11% year on year to 751 million, while premium subscribers increased 10% to 290 million.
For the first quarter, the company expects revenue of €4.5 billion and total MAUs of 759 million. Operating income for the quarter is projected at €660 million.
Spotify shares closed at $414.84 on Monday, down 1.84%.
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