Ja tässä olisi vielä kunnolliset kommentit Q4:sta Inderesin tapaan, eli tässä ois analyytikko Christoffer Jennel:in ajatuksia Q4:sta. 
Spotify reported an overall very strong, better-than-expected Q4 print. The report had many bright spots, most notably an impressive MAU and subscriber beat. In addition, the profitability exceeded our and Street’s estimates by a wide margin, showcasing strong operational efficiency. The guidance for Q1’25 topped consensus and our estimate, especially on operating income. However, despite robust user growth in Q4, the guidance suggests a modest sequential increase of +3m MAUs and +2m subscribers. Nonetheless, Wall Street appears focused on the strong Q4 results, with shares up 8% in pre-market trading. Following the better-than-expected report, we see some upward pressure on our estimates, primarily on margins and FCFF.