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Stockreport

Spotify reports record growth in monthly listeners, totaling to 751 million [Los Angeles Times (CA)]

Netflix, Inc. (NFLX)  More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
According to the streamer's fourth-quarter earnings report released Tuesday the Sweden-based company reported an 11% increase in monthly active users, bringing the total to 751 million. It's the biggest net add in the company's history. There was similarly a 10% increase in paid subscribers, rising to 290 million. Spotify's total revenue also topped $5.3 billion, up 7%. The company credits much of last quarter's success to what it says was its biggest Wrapped campaign yet, which engaged 300 million users globally and had 630 million shares in 56 different languages. Spotify also expanded and enhanced tech features globally, like adding music videos and more access to audiobooks , for both premium and free subscribers. “Today, what we've really built is a technology platform for audio — and increasingly, for all the ways creators connect with audiences. And this identity will matter even more going forward,” said Daniel Ek, Spotify's founder and executive chairman in a press relea [Read more]
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Stockreport

Spotify reports record growth in monthly listeners, totaling to 751 million [Los Angeles Times (CA)]

Netflix, Inc.  (NFLX) 
More Company Research Source: Los Angeles Times
Last netflix, inc. earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.netflix.com/investor-relations
According to the streamer's fourth-quarter earnings report released Tuesday the Sweden-based company reported an 11% increase in monthly active users, bringing the total to 751 million. It's the biggest net add in the company's history. There was similarly a 10% increase in paid subscribers, rising to 290 million. Spotify's total revenue also topped $5.3 billion, up 7%. The company credits much of last quarter's success to what it says was its biggest Wrapped campaign yet, which engaged 300 million users globally and had 630 million shares in 56 different languages. Spotify also expanded and enhanced tech features globally, like adding music videos and more access to audiobooks , for both premium and free subscribers. “Today, what we've really built is a technology platform for audio — and increasingly, for all the ways creators connect with audiences. And this identity will matter even more going forward,” said Daniel Ek, Spotify's founder and executive chairman in a press relea [Read more]
IMPACT SNAPSHOT
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