Spotify predicts strong quarter after cost cuts power first annual profit
Spotify Technology reported its first annual profit on Tuesday and forecast quarterly earnings above Wall Street estimates, as the Swedish audio-streaming giant benefits from strong user growth, price hikes and a cost-cutting drive.
Spotify reports first annual profit as premium subscriber numbers surge
Annual revenue jumped 16 per cent to €4.2bn as the company increased paying subscribers by 11 per cent to 263mn. Record growth in premium customers helped increase revenue per user by 5 per cent to €4.85 from the previous year, as Spotify also benefited from increasing prices.
Here's our initial take on Spotify's (NYSE: SPOT) fourth-quarter financial report. Key Metrics Metric Q4 2023 Q4 2024 Change ...
In Spotify's Q4 2024 earnings report, revenues were up 16% as active users (MAUs) reached 675 million and premium subscribers ...
Spotify shares are jumping almost 10% in premarket trading Tuesday, after the Swedish audio streaming giant posted its first full-year profit and quarterly revenue that beat estimates.
Shares of Spotify Technology (NYSE: SPOT) are up about 140% over the last 12 months and more than 540% since the start of ...
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Another major music streaming service is hiking its subscription price.
James increased the price target for Spotify Technology SA (NYSE:SPOT) shares to $650 from the previous $500, while maintaining an Outperform rating on the stock. The adjustment came after the audio ...
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