Spotify has surpassed a significant milestone, reaching over 250 million paying subscribers and reporting a 19% year-on-year increase in revenue to €4.0 billion for the third quarter of 2024. The company also announced an ambitious target of achieving a $1.5 billion annual operating profit in 2024. Monthly active users grew by 11% year-on-year, totaling 640 million. In a separate development, Shopify reported strong financial results for the same quarter, with revenue rising 26% to $2.2 billion and net income increasing by 99% to $344 million. The company's gross merchandise volume (GMV) grew by 24%, marking its fifth consecutive quarter of over 20% growth in this metric. Shopify's stock rose 5.6%, reflecting investor confidence following these better-than-expected results. Additionally, Tencent reported a 47% increase in third-quarter profit, driven by strong growth in gaming and advertising, with revenues reaching ¥167 billion, up 8% year-on-year. The company's net income rose by 33% to ¥60 billion, and it also added 3,000 jobs during the quarter, signaling a rebound in the tech sector in China.