Spotify forecasts profit above estimates on cost cuts, steady user ...
2 days ago · Nov 12 (Reuters) - Audio-streaming giant Spotify (SPOT.N), opens new tab forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and strong subscriber growth in ...
Spotify Reports Third Quarter 2024 Earnings
2 days ago · November 12, 2024. Today, we announced our third quarter 2024 earnings where we outperformed across key metrics, moving us one step closer to a full year of profitability. Take a look at the highlights below: Monthly Active Users grew 11% Y/Y to 640 million. Subscribers increased 12% Y/Y to 252 million. Total Revenue was up 19% Y/Y to €4 billion.
Spotify’s Q3 Profit Quadruples as Streamer Tops 250 Million …
2 days ago · The music streaming giant reported $318.72 million in net income, up 361% from the same time last year The post Spotify’s Q3 Profit Quadruples as Streamer Tops 250 Million Subscribers appeared ...
Spotify Reports Second Quarter 2024 Earnings
Jul 23, 2024 · Today, we announced our second quarter 2024 earnings. Led by healthy subscriber gains, improved monetization, and record profitability, Spotify reported…. Monthly Active Users grew 14% Y/Y to 626 million. Subscribers increased 12% Y/Y to 246 million. Total Revenue was up 20% Y/Y to €3.8 billion.
Spotify reports record quarterly profit after a year marked by …
Apr 23, 2024 · Spotify reported first-quarter earnings on Tuesday, notching record quarterly profit and beating estimates on the top and bottom lines, after a year of deep cost cutting and streamlining. Here’s...
Spotify Reports First Quarter 2024 Earnings
Apr 23, 2024 · Today, we announced our first quarter 2024 earnings. In a solid start to the year, Spotify reported…. Monthly Active Users grew 19% Y/Y to 615 million. Subscribers increased 14% Y/Y to 239 million. Total Revenue was up 20% …
Spotify hits record quarterly profit as it enters ‘new phase’
Apr 23, 2024 · Spotify’s gross profit margins in the quarter rose to 27.6 per cent, up from 25.2 per cent a year ago. Ek on Tuesday admitted that the large job cuts had taken a toll, citing them as one...
Spotify Shares Surge on Record Profit, Subscriber Boost
Jul 23, 2024 · Spotify Technology SA shares surged to their highest in more than three years on Tuesday after the Swedish audio-streaming giant reported a record profit in the second quarter and strong growth...
Spotify forecasts profit above estimates on cost cuts, steady user …
2 days ago · Terms. (Reuters) -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 ...
Spotify profits from more subscribers and price hikes
Oct 24, 2023, 3:32 AM PDT. The number of people paying for Spotify Premium rose three percent to 226 million on a quarterly basis as the streaming service announced price increases across the...