Spotify’s Q3 Profit Quadruples as Streamer Tops 250 Million Subscribers
Spotify's profit more than quadrupled during the third quarter, the music streaming heavyweight reported on Tuesday
Spotify cruises past quarter-of-a-billion subscribers, as it eyes $1.5bn annual operating profit in 2024
Spotify is on course to achieve its first-ever full year as a profitable company – to the tune of USD $1.5 billion. The company yesterday (November 12) published its financial results and user numbers for the third quarter of 2024 (ended September 30).
Spotify crosses 250M Subscribers, eyes $1.5 billion operating profit in 2024
Spotify is on track to achieve a groundbreaking $1.5 billion annual operating profit, marking its first profitable full year. According
Spotify Posts Third Consecutive Quarterly Profit
Spotify posted a third consecutive quarterly profit and is on track to be in the black for the full year for the first time. After years of rapid subscriber growth and efforts to expand beyond music streaming into broader audio offerings such as podcasts and audiobooks,
Spotify Tops Q3 Forecasts, Reaches 252 Million Premium Subscribers as Revenue Climbs 19%
Spotify cranked up the volume with another strong quarter, packing on 6 million paying subscribers globally in Q3. The audio streaming giant met or exceeded its previous Q3 forecasts on financial and subscriber metrics.
Spotify Hits 252M Premium Subscribers, On Track For First Full Year of Profitability
"We're where we set out to be - if not a little further - and on a steady path toward achieving our long-term goals," said CEO Daniel Ek.
Spotify forecasts profit above estimates on cost cuts, steady user growth
Audio-streaming giant Spotify forecast fourth-quarter profit above Wall Street estimates on Tuesday, betting on cost cuts and ...
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Spotify projects first full year of profitability ever
Spotify on Tuesday said it anticipates reaching profitability for the full year in 2024, which would mark the company's first ...
Spotify shares pop on better-than-expected profit forecast
Shares of Spotify rose in after-hours trading as investors focused on the company’s profit forecast more than third-quarter ...
Why Spotify Stock Is Surging Despite Its Earnings Miss
Spotify stock is notably higher Wednesday after the audio streaming company gave an upbeat fourth-quarter outlook. Here's ...
Spotify woos video and podcast creators with new tools to better compete with YouTube
Starting in January in the U.S. and other markets, Spotify Premium users will be able to see ad-free videos, and video ...
Spotify’s Strong Financial Performance and Strategic Initiatives Drive Buy Rating
Robert W. Baird analyst Vikram Kesavabhotla has maintained their bullish stance on SPOT stock, giving a Buy rating yesterday. Vikram ...
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Spotify shares rise on subscriber gain, margin estimates
Spotify Technology SA shares jumped Wednesday morning after the music streaming service reported third-quarter growth in ...
Spotify Delivers a Strong Encore
Ahead of its third-quarter report Tuesday afternoon, Spotify was up 123% for the year and has quintupled over the past two.
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Spotify Q3 Profit Jumps, Driven By Premium Revenue; Stock Climbs In Pre-market
(RTTNews) - Audio streaming service provider Spotify Technology S.A. (SPOT) Wednesday reported significantly higher profit for the third quarter driven by growth in premium revenue. Spotify ...
Spotify Subscription Revenue Soars in Q3, Operating Profit Hits Record High
Spotify's Q3 earnings shows that subscription revenue and operating profit grew during the quarter following cost-cutting measures.