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Spotify swings to loss as labour and tax costs bite
Spotify swung to a net loss in its second quarter and warned revenues would be lower than expected in the following three months, sending shares down 4 per cent in premarket trading in New York. The music-streaming group reported a net loss of €86mn for the three months to the end of June,
Spotify (SPOT) stock drops after missing earnings and revenue expectations, despite strong user growth. Analysts maintain ...
After undertaking several aggressive cost-cutting and revenue boosting initiatives in 2024, Spotify swung back to a net loss ...
Spotify hiking prices of premium subscriptions— here’s how much it will cost you By Reuters Published June 3, 2024, 11:55 a.m. ET ...
Spotify is officially raising its Premium subscription rates in the US come July, following reports of the move in April. The platform is increasing its Individual plan from $11 to $12 monthly and ...
Over the next month, Spotify subscribers in the U.S. will receive an email explaining what the update means for their subscription. The new prices will go into effect in July.
Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million euros.
Add some context to the price and I think it gets even better value. Spotify cost £9.99 when it was launched 15 years ago, back in 2009. Take into account inflation and, as Warner Music CEO ...
13don MSNOpinion
The same old rules that helped build Spotify's empire are the ones still starving songwriters. But now Spotify can do ...
Spotify CEO Daniel Ek faced significant backlash after claiming on X (formerly Twitter) that the cost of creating content is “close to zero.” Let’s take a moment to think about that.
Spotify raises prices for Premium subscription, CEO posts about cost of content being cheap. Spotify CEO Daniel Elk under fire, musicians respond to poor pay.
Today, with the cost of creating content being close to zero, people can share an incredible amount of content. This has sparked my curiosity about the concept of long shelf life versus short ...
Spotify forecast quarterly profit below estimate on Tuesday, as higher taxes related to employee salaries outweigh music ...
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