Spotify Hits Milestone: $10 Billion Paid to Music Industry in 2024, $60 Billion Since Founding
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 28 2025
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Source: Benzinga
Spotify's Financial Growth: In 2024, Spotify paid a record $10 billion to the music industry, with total payments reaching about $60 billion since its inception. The company has seen significant growth in premium subscribers, now totaling 252 million, and anticipates reaching 1 billion paying listeners globally.
Stock Performance and Analyst Insights: Spotify's stock surged over 139% in the past year, currently priced at $522.59. Analysts highlight the company's strong position in global audio and user engagement, predicting more consistent capital returns by 2025 following a restructuring.
Analyst Views on FPXI
Wall Street analysts forecast FPXI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FPXI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 64.270
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Current: 64.270
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
