Spotify reports its first full-year profit, driven by record user growth, price hikes, and cost-cutting measures. The report highlighted record user growth, increased premium subscriptions, and improved profitability, reinforcing the company’s position as the world’s leading music streaming platform. Financial highlights for Q4 2024 Spotify’s financial performance for Q4 showed impressive growth across multiple metrics: Monthly Active Users (MAUs): 675 million, up 12% year-over-year (YoY) Premium Subscribers: 263 million, reflecting an 11% YoY growth Total Revenue: €4.2 billion, an increase of 16% YoY Gross Margin: 32.2%, a 555 basis point increase compared to last year Operating Income: €477 million, showing…