Spotify announced earlierFiscal Year 2024 Fourth Quarter Financial Report, revenue reached 4.77 million euros, a record high in history, and full-year revenue for fiscal year 2024 reached 14 billion euros. The current number of monthly active users is 6.75 million, with an increase of more than 3500 million in the last quarter, setting a record for the highest number of users added in the fourth quarter in history.
As for the current number of Spotify's monthly paid subscribers, it has reached 2.63 million, an increase from 2.4 million in the previous quarter. At the same time, the price of premium subscription plans has continued to rise.Increased twiceDespite this situation, many users still choose to pay for subscriptions, indicating that more and more people prefer to pay for streaming video services.
In addition, Spotify also recently confirmed that it will launch HiFi and super premium subscription plans, which are expected to be offered at higher prices. The current estimated fee will be US$17 or US$18 per month, which is about US$5 more than the existing Premium plan.
Spotify has also signed a new multi-year distribution agreement with Universal Music Group to generate more revenue and pay creators to attract more creators to list on Spotify.Provide their musical works, and also expects new services that provide additional benefits for creators' fans.
