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.
Price increases and cost discipline helped the audiostreaming giant pivot from heavy spending on growth to sustained profits.
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Revenue has surged following increases to Spotify’s Premium pricing, and subscriber numbers are up too.
In the most recent quarter, Spotify said its gross margin increased to 31.1% from the prior year's 26.4%. Wall Street is ...
Spotify's posted impressive Q4 earnings, with growth in subscribers, revenue, and a profitable year ahead. Click here to find ...
Your music streaming could be better. With apps like Stats.fm, Discoverify, and PlaylistAI, you can improve your Spotify ...
In Spotify's Q4 2024 earnings report, revenues were up 16% as active users (MAUs) reached 675 million and premium subscribers ...
Spotify Technology reported impressive user growth and profitability metrics, though its financial metrics were mixed.
Spotify defeated a lawsuit from the Mechanical Licensing Collective accusing it of unfairly cutting royalty rates via its ...
The streaming giant closed out its first full year of profitability in 2024 while growing listeners to a new record. Just ...
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