Spotify's billion-dollar bet on podcasting has yet to pay off [Business News Network (BNN) (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
A former local news reporter, she's credited her success to knowing what young people like. “Being at the forefront of ‘what's next' has always driven me,” she told the news site of Florida International University, her alma mater, in 2020. But after more than three decades in TV, Ostroff saw that a generation raised on the internet had forsaken cable for apps like TikTok, YouTube, and Instagram. She took the job as Spotify's chief content officer in 2018 to make a new kind of hit. Spotify Technology SA was just starting to build its podcasting business when Ostroff joined, and it needed to find a splashy way to attract listeners. Although she had no background in podcasting—or music, for that matter—her time in TV taught her how to talk to talent. Over the next four years, Ostroff spent more than US$1 billion on the business, licensing shows, buying production studios, and signing exclusive deals with celebrities, including the Obamas, Kim Kardashian, and Prince Harry and Meghan Ma
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News
- 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
- How Spotify AI plans to know what's going on inside your head, and find the right track for it [CNBC]CNBC
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at KeyCorp from $300.00 to $350.00. They now have an "overweight" rating on the stock.MarketBeat
SPOT
Earnings
- 2/7/24 - Miss
SPOT
Sec Filings
- 4/4/24 - Form 6-K
- 3/7/24 - Form 144
- 3/7/24 - Form 6-K
- SPOT's page on the SEC website