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SPOT / Spotify back in profit as subscriber numbers climb

Spotify back in profit as subscriber numbers climb
Spotify posted its first quarterly profit since 2021 as higher prices and subscriber growth boosted revenues by more than expected. Operating income was €32 million in the three months to end September, with €37m forecast for the current three months. Read More
Posted: Oct 24 2023, 11:04
Author Name: Proactive Investors
Views: 112261

SPOT News  

Spotify electrifies on its metrics. Time to buy?

By MarketBeat
November 1, 2023

Spotify electrifies on its metrics. Time to buy?

Global streaming audio platform Spotify Technology SA NASDAQ: SPOT had an impressive third quarter of 2023. Its metrics have improved, and the integra more_horizontal

Spotify: Focus On Profitability Makes Me Positive

By Seeking Alpha
October 31, 2023

Spotify: Focus On Profitability Makes Me Positive

Spotify's growing exposure to podcasting and advertising could improve its profitability in the long term. The company is focusing on cost control and more_horizontal

Spotify's New Royalty Model Contends With The Age Of Musical Overabundance

By Forbes
October 26, 2023

Spotify's New Royalty Model Contends With The Age Of Musical Overabundance

Spotify intends to make major changes to its royalty payout model starting next year to favor professional musicians. more_horizontal

Spotify's momentum to continue into 4Q as full impact of price increases is realized

By Proactive Investors
October 25, 2023

Spotify's momentum to continue into 4Q as full impact of price increases is realized

Spotify Technology SA (NYSE:SPOT) has reached an inflection point after returning to operating income profitability in the third quarter, analysts at more_horizontal

Spotify boss backs UK law in fight against Apple supremacy

By Proactive Investors
October 25, 2023

Spotify boss backs UK law in fight against Apple supremacy

Spotify Technology SA (NYSE:SPOT) boss and founder Daniel Elk believes Apple is unfairly dominating markets like the App Store, a view he claims is sh more_horizontal

Spotify Strikes Profit Chord With AI and Price Hikes

By PYMNTS
October 24, 2023

Spotify Strikes Profit Chord With AI and Price Hikes

In February, Spotify dropped the beat with its artificial intelligence (AI) DJ — a personalized guide so in tune with the Spotify user and their mus more_horizontal

Spotify Shares Surge After Posting a Surprise Profit on Higher Prices and Cost Cuts

By Investopedia
October 24, 2023

Spotify Shares Surge After Posting a Surprise Profit on Higher Prices and Cost Cuts

Shares of Spotify Technologies (SPOT) soared over 9% on Tuesday as the music streaming service posted its first profit in a year and a half on higher more_horizontal

Spotify price increases rarely impact subscriber churn, says Spotify CFO Paul Vogel

By CNBC Television
October 24, 2023

Spotify price increases rarely impact subscriber churn, says Spotify CFO Paul Vogel

Paul Vogel, Spotify chief financial officer, joins 'Squawk on the Street' to discuss the company and surprise profit gain. more_horizontal


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