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Spotify Shares Surge on Subscriber Gains, 1st Annual Profit

Spotify Shares Surge on Subscriber Gains, First Annual Profit

Spotify Technology SA posted another quarter of better-than-expected subscriber growth, with the Swedish music company recording its first-ever annual profit.

Hosted on MSN · 21h

Spotify forecasts profit above estimates on subscriber growth, price increases

Spotify forecast first-quarter profit above market estimates on Tuesday as the Swedish audio-streaming giant benefits from steady user growth, price hikes and a cost-cutting drive. The company expects operating income of 548 million euros ($566.

The Financial Times · 14h

Spotify reports first annual profit as premium subscriber numbers surge

Annual revenue jumped 16 per cent to €4.2bn as the company increased paying subscribers by 11 per cent to 263mn. Record growth in premium customers helped increase revenue per user by 5 per cent to €4.85 from the previous year, as Spotify also benefited from increasing prices.

MarketWatch on MSN · 19h

Spotify swings to a profit as subscribers top estimates

Spotify Technology S.A. reported a fourth-quarter profit as the music streaming service’s monthly active users climbed by double-digits over the year-ago period, sending shares of the company up sharply higher in premarket trading.

AT&T Refines Subscriber Experience With New Service Guarantee And More

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Comcast's steep broadband subscriber losses take shine off strong studio performance

Comcast reported a steep decline in broadband subscribers for the fourth quarter on Thursday on competition from telecom ...

13d

Netflix shares hit record as subscriber growth defies odds once again

Netflix shares listed in Frankfurt rose 14.3% in early trading on Wednesday after the streaming service said on Tuesday it attracted a record number of subscribers over the holiday quarter. The ...

The Business Journals3d

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