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.
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Spotify shares climbed 10% after the music streaming company recorded its first full year of profitability. The company said ...
In the most recent quarter, Spotify said its gross margin increased to 31.1% from the prior year's 26.4%. Wall Street is ...
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In Spotify's Q4 2024 earnings report, revenues were up 16% as active users (MAUs) reached 675 million and premium subscribers ...
Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago.
Spotify defeated a lawsuit from the Mechanical Licensing Collective accusing it of unfairly cutting royalty rates via its ...
Spotify stock jumped 10% on Tuesday after earnings were released. Travis Hoium covers the big move in this video. *Stock ...
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