Spotify Reports Strong Q3 2024 Earnings with Significant User Growth

Spotify’s Q3 2024 earnings report reveals impressive growth, with a 19% revenue increase to €4 billion and a surge in Monthly Active Users (MAUs) by 11% to 640 million. The company also saw a 12% rise in subscribers, totaling 252 million, reflecting its effective user engagement strategy. CEO Daniel Ek highlights Spotify’s commitment to innovation and operational efficiency, positioning the platform for continued success in the competitive music streaming market.