Spotify first music service to hit 100 million paid users [Business News Network (BNN) Energy & Resources (Canada)]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: Business News Network
Spotify first music service to hit 100 million paid users Spotify has reached 100 million paid subscribers, a first for any music service, adding more customers in the latest quarter than analysts expected and boosting confidence the company has lots of room to grow. Spotify Technology SA took on 4 million customers in the quarter, compared with the 3.3 million forecast by analysts. The stock jumped 4.5 per cent in premarket trading. Last quarter, Spotify doubled down on its podcast bet with two strategic acquisitions -- Gimlet Media Inc. and Anchor -- hoping to drive subscriber growth through mediums outside of music as record labels have begun demanding more money. And since last reporting financial results, the streaming service bought podcast studio Parcast for an estimated $100 million. Spotify was projected to report about 218.3 million monthly active users and 99.3 million premium subscribers, according to estimates compiled by Bloomberg News. Though the premium figure topped e
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News
- Spotify (SPOT) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Taylor Swift's New Album Rollout Has Spotify, Social Media Companies And More Fighting For Swiftie Attention [Forbes]Forbes
- Spotify Says 25% of US, UK, Australia Subscribers Try Audiobooks [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Raymond James from $260.00 to $320.00. They now have an "outperform" rating on the stock.MarketBeat
- How Spotify AI plans to know what's going on inside your head, and find the right track for it [MSNBC.com]MSNBC.com
SPOT
Earnings
- 2/7/24 - Miss
SPOT
Sec Filings
- 4/17/24 - Form 6-K
- 4/4/24 - Form 6-K
- 3/7/24 - Form 144
- SPOT's page on the SEC website