Spotify reported solid Q4 and full-year 2024 earnings, with the streamer turning in its first annual net profit since it was founded in 2006.

Shares have risen considerably since the company executed cost-cutting measures and shifted away from its beleaguered podcasts strategy. Shares in music streamer Spotify (NYSE: SPOT) are up nearly 9% in premarket trading as of the time of this writing after the company reported fourth-quarter earnings results for its fiscal 2024.

Spotify matched its best quarter ever for subscriber growth during the fourth quarter of 2024, the Stockholm-based music streaming giant reported on Tuesday morning, while at the same time posting a quarterly profit of about $380 million.

Thanks in large part to massive spending on political spots, YouTube advertising revenue cracked $10 billion during 2024’s final three months. The overarching Alphabet disclosed this and other YouTube performance specifics in its Q4 2024 earnings report.

Alphabet says YouTube topped $10 billion in ad earnings, propelling Google's ad business to $61 billion in revenue. This article, YouTube reaches $10 billion in ad revenue during Q4, was first published at The Desk.

With Google (GOOGL) having put out its latest earnings results reporting for Q4 2024, we also got a fresh look at how YouTube is doing. The video platform put up another solid chunk of change for Google’s overall business,