4Q24 业绩好于我们预期Spotify 公布4Q24 业绩:收入42.42 亿欧元,同增15.6%;营业利润4.77亿欧元,净利润3.67 亿欧元。公司营业利润实质好于我们及市场一致预期,我们认为主要系用户增长及成本费用控制超预期。发展趋势用户增长强劲,带动订阅业务稳健增长;广告业务略好于预期。用户端,4Q24公司MAU/付费MAU 分别环增3,500/1,100 万人至6.75/2.63 亿人...
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