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Spotify Technology Q2 Earnings Call Highlights
MarketBeat4d agoneutral
Spotify Technology Q2 Earnings Call Highlights

Spotify Technology (NYSE:SPOT) reported second-quarter results marked by accelerating revenue growth, record gross margin and subscriber growth that pushed its Premium base above 300 million for the first time. Co-CEO Alex Norström said the company’s revenue rose 15% year over year on a constant-cu

Spotify’s Spending Rises as it Expands AI-Backed App Features
The Wall Street Journal8d agoneutral
Spotify’s Spending Rises as it Expands AI-Backed App Features

Spotify Technology continues to grow its user base, hitting 777 million monthly active users at the end of June—but the cost of wooing and keeping customers is increasing as well. Its second-quarter operating expenses rose 19% from the prior-year period, excluding payroll tax-related expenses and currency movements.

📈 Earnings Snippet: Spotify
The Wall Street Journal8d agoneutral
📈 Earnings Snippet: Spotify

Spotify added seven million premium subscribers in the second quarter, bringing its total to 300 million and beating the streamer’s prior guidance. Revenue grew 14% and its gross margin hit a record of 33.

Earnings, PMI and Other Key Things to Watch this Week
Barchart10d agoneutral
Earnings, PMI and Other Key Things to Watch this Week

Markets enter an earnings-dominated week with a huge concentration of corporate results spanning technology, industrials, healthcare, consumer discretionary, and entertainment sectors. This will provide a critical assessment of economic health and corporate fundamentals amid persistent uncertainty about technology sector valuations and AI infrastructure spending.

EXCLUSIVE: Spotify Deleted 500,000 Fake Malcolm Todd Streams. A Former SEC Lawyer Says the Bots May Have Committed a Federal Crime
Benzinga19d agoneutral
EXCLUSIVE: Spotify Deleted 500,000 Fake Malcolm Todd Streams. A Former SEC Lawyer Says the Bots May Have Committed a Federal Crime

Spotify (NYSE:SPOT) reportedly deleted more than 500,000 fake streams of Malcolm Todd’s “Earrings” after the song shot to the top of the U.S. chart overnight. The suspected motive: a $3 million Kalshi market on June’s most-streamed song. Traders had reportedly priced Todd’s chances below 3% before the surge began, meaning a winning bet paid roughly 30 times its stake. There is no indication Todd or his label were involved. Why Fake Streams May Be A Federal Crime Ashley Ebersole, co-founder and c

Spotify logo backlash was amplified by bad actors
TheStreet60d agoneutral
Spotify logo backlash was amplified by bad actors

Unless you are chronically online, you've probably never heard of the "Dead Internet Theory," but the presence of non-human actors, or bots, in the social media space is undeniable. Dead Internet Theory proponents argue that the vast majority of online content is either created by or consumed by ...

Bloomberg75d agoneutral
Universal Music Group Rejects Bill Ackman’s Offer as Too Low

(Bloomberg) -- Universal Music Group NV rejected an unsolicited offer from Bill Ackman’s Pershing Square Capital Management, saying it’s not in the best interest of its shareholders or artists, who include Taylor Swift and Drake.Most Read from BloombergSingapore Hands Byju's Founder His First Ever Jail TermApple to Overhaul iOS 27 Siri, AI Features: Here's a First PeekCVS Returns Zepbound to Drug Plans After Lilly Slashes PriceSpaceX Said to Cut IPO Value Goal to at Least $1.8 TrillionUS, Iran A

BofA gives Spotify stock price a target many will love
TheStreet77d agoneutral
BofA gives Spotify stock price a target many will love

Spotify Technology has spent years proving it can build one of the largest music-streaming audiences in the world. Bank of America now thinks the company is entering a more important phase, where the business can turn that scale into higher revenue, stronger margins, and more ways to charge its ...

Morgan Stanley resets Spotify stock price target
TheStreet82d agoneutral
Morgan Stanley resets Spotify stock price target

Morgan Stanley is staying bullish on Spotify (SPOT), reiterating an overweight rating and a $590 price target, implying more than 30% upside from current levels. The firm's note, titled "Investor Day Preview: Don't Stop Believing," argues that Spotify has earned significantly more credibility with ...

Spotify Will Set Aside Concert Tickets for Artists’ Superfans
The Wall Street Journal83d agoneutral
Spotify Will Set Aside Concert Tickets for Artists’ Superfans

Spotify plans to usher the biggest music fans to the front of the dreaded line for concert tickets. The audio-streaming giant said Thursday that it will save two concert tickets for some artists’ top fans to purchase before tickets go on general sale. “No racing bots, no chasing around online for presale codes, just two tickets held just for you,” said Rene Volker, Spotify’s senior director of live music, during an investor day presentation.

Spotify strikes deal with Universal Music to let premium users create AI covers, remixes
Reuters83d agoneutral
Spotify strikes deal with Universal Music to let premium users create AI covers, remixes

Spotify has struck a deal with Universal Music Group to let subscribers create AI-generated covers and remixes ‌of songs, marking the first time the audio-streaming giant will ‌allow users to produce AI content using its platform. Universal Music is home to artists including Taylor Swift, Ariana Grande, ‌Drake and Billie Eilish. The move ⁠puts Spotify in more direct competition with startups such as Udio and Suno that allow AI-powered music creation.

Planet Fitness, Peloton earnings reveal a K-shaped health economy
Yahoo Finance Video96d agoneutralVIDEO
Planet Fitness, Peloton earnings reveal a K-shaped health economy

Planet Fitness (PLNT) and Peloton (PTON) both reported quarterly earnings results, with the former cutting its outlook while the latter posted a profit. Yahoo Finance Senior Reporter Brooke DiPalma talks more about the "K-shaped fitness economy" in the video above.

Why Spotify Stock Plummeted This Week
Motley Fool104d agoneutral
Why Spotify Stock Plummeted This Week

Spotify's share price dropped 14% this week after the company reported first-quarter earnings, and the stock is now down 42% from its all-time high.