Music Streaming Services Are Getting Record Amounts of Money [CNET News]
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: CNET News
Music streaming services are pulling in up about two-thirds of all recorded music revenues via paid subscriptions, according to a new report released March 26 by the Recording Industry Association of America. Recorded music revenues have grown for each of the past eight years and rose by 7% last year to an estimated retail value of $17 billion -- a record, the 2023 Year-End Music Industry Revenue Report found. Paid subscriptions for music streaming services, like Spotify and Apple Music , brought in over $11 billion in revenue. Subscriptions are at an all-time high, up 5.7% in 2023 to almost 97 million. Ad-supported on-demand streaming services, like YouTube and the lowest tier of Spotify, made $1.9 billion in revenue, while digital radio services like SiriusXM and internet radio stations made $1.3 billion in 2023. Limited-tier subscriptions (like Amazon Prime and Pandora Plus) made $1 billion. It's all part of a musical ecosystem that may still seem like a brave new world to tho
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News
- Spotify Stock Has 25% Upside, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- 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
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/26/24 - Form 144/A
- 4/26/24 - Form 144
- 4/26/24 - Form 144
- SPOT's page on the SEC website