Spotify hits 100 million subscribers, reports revenue jump [Reuters (UK)]
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: Reuters
Spotify hits 100 million subscribers, reports revenue jump - Reuters 4 Min Read (Reuters) - Spotify Technology SA, the world’s leading streaming platform, said on Monday it had hit 100 million paid subscribers as it reported a better-than-expected rise in first-quarter revenue. The global leader in the sector, with double the number of subscribers of nearest rival Apple Music, Spotify has launched in places like India, the Middle East and North Africa in recent months, seeking to fuel the next stage of its development as it continues to price aggressively in the developed world. The results helped ease concerns Spotify was under significant pressure from rivals such as Apple Inc, whose 28 million U.S. paid subscribers of its music service surpassed Spotify’s 26 million in earlier April. Amazon.com Inc has also launched an advertising-supported free music tier to its service. “Competition is just not a big factor for us, it’s really all about growth,” Spotify Chief Executive Officer Da
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SPOT
News
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Benchmark Co. from $290.00 to $325.00. They now have a "buy" rating on the stock.MarketBeat
- 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
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