Spotify (SPOT) shares have surged as Wall Street bulls continue to praise the company’s outlook on the heels of fresh price hikes for its premium US subscription plans. The stock is up about 70% since the start of the year. The upcoming price hikes, which begin in July and are between $1 and $3, depending […]
Tag: Spotify
Is Spotify Stock Going to $375? 1 Wall Street Analyst Thinks So.
Spotify Technology (NYSE: SPOT) reported terrific earnings, growing its revenue 20% year over year, posting its third straight quarter of positive operating profits, and returning to net profitability as well. The company also added 3 million paying subscribers during the quarter, or roughly 1 million per month. Responding to the news, Benchmark analyst Matthew Harrigan […]
Taylor Swift’s album breaks new record with one billion plays on Spotify
A new album by global superstar Taylor Swift has broken a new record after it was played more than one billion times on Spotify. The US singer, who released The Tortured Poets Department last week, had already become the first Spotify artist to have 300 million streams in a single day. On April 22, 2024, […]
Spotify turns a profit as earnings and revenue beat estimates
Spotify Technology (SPOT) reported fiscal first quarter earnings on Tuesday that beat expectations on both the top and bottom lines. The audio giant also swung to a profit as it continues to implement its recent “efficiency” strategy. Over the past year, Spotify has committed to multiple rounds of layoffs in addition to price increases and […]
Joni Mitchell returns to Spotify two years after boycott over Joe Rogan’s COVID-19 ‘lies’
Joni Mitchell can look at Spotify from both sides now: before and after her 2022 boycott. The prolific “Both Sides Now” singer, 80, reinstated her catalog to the music giant before the weekend, ending her two-year protest over the streamer’s platforming of “The Joe Rogan Experience” podcast and its COVID-19 “misinformation.” She follows rocker Neil […]
Joni Mitchell’s music returns to Spotify after two-year boycott over COVID ‘disinformation’
Joni Mitchell’s music is back on Spotify, more than two years after she followed Neil Young in pulling her songs from the streaming service in protest of what they described as amplifying COVID-19 vaccine misinformation. The songwriter’s hits, including “Big Yellow Taxi” and “Both Sides Now,” could be found on Spotify’s service on Friday. The […]
EU regulators slap €1.8bn fine on Apple after years-long spat with Spotify
Tech giant Apple has been fined €1.8 billion by the European Commission for not allowing music streaming apps like Spotify to tell customers they can subscribe for cheaper if they do not use Apple’s App Store. The Commission said Apple had abused its dominant position in the market for distributing music streaming apps, and had […]
Spotify accuses Apple of scare tactics over new EU competition rules
Spotify has accused Apple of trying to “scare everybody about privacy and security” over its complaints about complying with new EU competition laws. The music streaming platform’s global director of competition policy said Apple’s warnings about having to make the iPhone less secure in order to comply with the Digital Markets Act (DMA) equated to […]
Apple hits out at Spotify over ongoing EU competition complaint
Apple has hit out at music streaming giant Spotify over its long-running competition complaint filed with the EU, which could reportedly soon see Apple facing a huge fine. Following reports the EU has concluded its investigation into Spotify’s claims of anti-competitive behaviour by Apple over its App Store rules – and is ready to issue […]
Apple Set to Face Near €500 Million EU Fine in Spotify Row
(Bloomberg) — Apple Inc. will face a European Union fine close to €500 million ($539 million) over the regulator’s investigation into allegations it silenced music-streaming rivals, including Spotify Technology SA, on its platforms. Most Read from Bloomberg The penalty — Apple’s first ever from the bloc — will be set after the EU watchdog found […]
Controversial podcast host Joe Rogan signs new multi-year deal with Spotify
Spotify has penned a new multi-year partnership deal with controversial podcast host Joe Rogan, whose enormously popular show will soon also be available on competing platforms, including YouTube and Apple Podcasts. Spotify announced the renewed partnership in a post on the company’s corporate blog on Friday. Under a prior multimillion-dollar deal, The Joe Rogan Experience […]
Nvidia. Spotify Lead Five Stocks Near Buy Points
Nvidia (NVDA), one of the Magnificent Seven stocks, and digital audio streaming leader Spotify (SPOT) head this weekend’s watchlist of stocks near buy points. In addition to NVDA and SPOT stocks, the list includes weight-loss drug pacesetter Novo Nordisk (NVO), cosmetics brand ELF Beauty (ELF) and energy drink maker Celsius Holdings (CELH). X The IBD […]