Spotify slashed nearly €500M in marketing, R&D spending, and general administrative expenses in 2024, which helped the company swing to a net income of €1.1B (Financial Times)

Financial Times:
Spotify slashed nearly €500M in marketing, R&D spending, and general administrative expenses in 2024, which helped the company swing to a net income of €1.1B  —  The Swedish music streaming service's size now gives it a durable advantage over rivals  —  Spotify has found its groove.