Spotify has reported a significant financial turnaround in its Q1 2024 earnings, marking a shift to profitability with a net profit of €197 million ($210.0 million), or 97 euros cents a share, a stark contrast to the loss of €225 million in the same period last year. The company's revenue surged by 20% year-over-year to €3.64 billion, slightly above the analysts' expectations of €3.61 billion. This growth was driven by a 14% increase in premium subscribers, reaching 239 million, and a 19% rise in monthly active users (MAUs) to 615 million, although this was slightly below the expected 617.9 million. Despite the positive financial outcomes, the company noted a slowdown in user growth, attributed to lower marketing efforts. The operating income for the quarter was €168 million.