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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Spotify Technology reported impressive user growth and profitability metrics, though its financial metrics were mixed.
The streaming giant closed out its first full year of profitability in 2024 while growing listeners to a new record. Just ...
Spotify‘s market value surged to a record $124 billion on Tuesday (February 4) after its stock reached an all-time high, ...
Spotify stock jumped 10% on Tuesday after earnings were released. Travis Hoium covers the big move in this video. *Stock ...
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