Spotify Hits 100 Million Premium Subscribers [The Motley Fool]
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: The Motley Fool
Spotify Hits 100 Million Premium Subscribers The largest paid music-streaming service achieves a major milestone. It wasn't long ago that Apple services chief Eddy Cue noted that the entire music industry had yet to hit 100 million paid subscribers. "We can't forget that, as an industry, we still have very few music subscribers," Cue told Billboard in late 2016. "There are billions of people listening to music and we haven't even hit 100 million subscribers. There's a lot of growth opportunity." At the time, Apple Music had about 20 million paid subscribers and Spotify ( NYSE:SPOT ) had nearly 50 million. Spotify just hit 100 million premium subscribers all on its own. The Swedish music-streaming leader reported first-quarter earnings this morning, including that milestone that was at the top of the company's guidance, which had called for 97 million to 100 million premium subscribers. Total monthly active users (MAUs) climbed to 217 million, with ad-supported MAUs reaching 123 mil
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News
- Spotify CEO says layoffs brought 'more' disruption than expected but were 'right strategic decision' [FOX Business Network]FOX Business Network
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Guggenheim from $290.00 to $350.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at HSBC Holdings plc from $310.00 to $355.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Bank of America Co. from $315.00 to $370.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Barclays PLC from $335.00 to $350.00. They now have an "overweight" rating on the stock.MarketBeat
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- 4/24/24 - Form 144
- SPOT's page on the SEC website