Tag: $Spotify

Spotify stock pops on Q3 earnings, driven by premium subscriber growth and AI for personalized experiences Spotify (SPOT) stock rose after reporting Q3 earnings, which showed premium subscribers growing by 9% year over year and AI becoming a key part of its strategy moving forward.

Adjusted earnings per share came in at €2.61, missing the consensus estimate of €2.76. Revenue reached €4.78 billion, slightly below the analyst estimate of €4.79 billion, representing 14% growth YoY or 15% on a constant currency basis.

Spotify (SPOT) forecast second-quarter earnings and premium subscribers below estimates on Tuesday, a sign of slowing growth in the Swedish streaming giant’s major markets of Europe and ​North America, sending its shares down 12% in premarket trading.

Spotify Technology (SPOT) was surging Tuesday after the audio-streaming company topped Wall Street’s fourth-quarter earnings targets and issued solid margin guidance.

Spotify said it was raising the price of its premium subscription in the U.S. The cost of a U.S. premium subscription will rise to $12.99 a month, up from $11.99 a month, the company said Thursday.

Spotify Technology was rising early on Tuesday as its earnings and user growth beat expectations despite a recent price hike for customers.

Spotify shares dropped about 5% before the bellTuesday after the music streaming platform fell short of Wall Street’s expectations and posted weak guidance for the current quarter.

Netflix (NFLX.O), has held talks with Spotify (SPOT.N), to partner on projects such as music award shows or live concert series as part of its live TV push, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

United Airlines (UAL) has teamed up with Spotify to offer passengers a new in-flight entertainment experience featuring a selection of Spotify’s video and audio podcasts, audiobooks, and music playlists.

Spotify on Friday said Apple has approved the company’s U.S. app update, which will allow users to access pricing information, links to make purchases and select from more payment options within the music streaming app.

Spotify (NYSE:SPOT) forecast second-quarter profit below market estimates on Tuesday due to employee salary-related taxes, taking the shine off its strong subscriber growth and sending the shares of the Swedish music-streaming giant down 6% before the bell.

Spotify reported its first ever full year of profitability, fueled by record user growth and austerity measures after years of heavy spending on growth initiatives such as podcasts.

Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in the crucial holiday season.

Spotify Technology  reported fiscal second-quarter earnings on Tuesday that beat expectations as revenue came in line with estimates. The audio giant posted a record profit in the quarter — a nod to its recent “efficiency” strategy while monthly active user metrics disappointed.

Spotify raised prices for its premium plans in the United States on Monday, the latest step by the Swedish music-streaming service in its push to increase margins.

Spotify Technology shares were rising early on Tuesday after the music-streaming company beat expectations for its first-quarter profit, despite slightly slower user growth than forecast.

Spotify Technology stock rose Tuesday after the audio-streaming company posted subscriber growth ahead of expectations and a narrower-than-expected loss. A focus on prices and cost-cutting looks to be paying off.

Music streaming service Spotify’s CEO, Daniel Ek, announced that the company is laying off 17% of its workforce.

Spotify Technology swung to its first quarterly profit in more than a year after beating expectations for subscriber and revenue growth. However, this was not enough to keep the stock rising after a strong run this year.

On Monday, Spotify announced it will increase the price of its Premium subscription offerings in the U.S. as much as $2, which translates to a 20% increase for some plans.

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