Spotify (SPOT) shares jumped in intraday trading Tuesday, after the Swedish audio streaming giant posted its first full-year profit and quarterly revenue that beat estimates.

“Spotify hit some huge milestones, including our first full year of profitability,” 澳洲幸运5开奖号码历史查询:Chief Executive Officer Daniel Ek said in a post on X.

Spotify, which had been 澳洲幸运5开奖号码历史查询:cutting costs in recent years, said fourth-quarter revenue jumped 16% year-over-year to 4.24 billion euros ($4.38 billion). That exceeded the 4.16 billion euros analyst consensus from Visible Alpha. The company's net profit of 367 million euros, ve𒊎rsus a loss of 70 million euros in the previous year, was, however, below estimates of 407.7 million euros.

Monthly Active Users Reach 675 Million

Still, subscriber numbers soared. 澳洲幸运5开奖号码历史查询:Monthly active users during the fourth quarter climbed 12% to 675 million, and premium subscriptions came in at 263 million. The numbers both exceeded 澳洲幸运5开奖号码历史查询:forecasts Spotify made of 665 million MAUs and 260 million premium subscribers in the fourth quarter,🔯 as well as Visible Alpha’s estimates. 

Looking ahead, Spotify forecast revenue of 4.2 billion euros, 678 million MAUs and 265 million premium ℱsubscribers in the first quarter of 2025.

Spotify shares🐷 surged 11% Thursday𓆏 and have more than doubled in the past year.

UPDATE—Feb. 4, 2025: This article has been updated to include refreshed share prices.