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Late last quarter, Spotify hiked the price of its ad-free Premium subscription plan by $1 to $10.99 a month — a long-awaited change as the company continues its profitability push.
Gross margins, however, came in stronger than expected at 26.7%, slightly beating company guidance of 26.6%. The streamer said it expects margins to tick down slightly to 26.4% in the first ...
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Spotify's revenue for Q1 2020 amounted to €1.85 billion ($2 billion). A large part of this sum, €1.7 billion ($1.84 billion), came from Spotify Premium subscribers. Gross profit in the same quarter amounted to €472 million ($511 million), with an operating loss of €17 million ($18 million). [205]
Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Spotify Wrapped is a viral marketing campaign by Spotify released annually since 2016 between November 29 and December 6, allowing users to view a compilation of data about their activity on the platform over the preceding year, and inviting them to share a colorful pictorial representation of it on social media.
Shares of parent company Spotify Technology SA are up more than 30% over the last six months and up more than 135% year to date. The company joins other tech firms in retrenching as pandemic-era ...
[a] Since 2012, Spotify has published a yearly list of its most-streamed artists, which has been topped by Drake and Puerto Rican rapper Bad Bunny a record three times, with Bad Bunny being the only artist to do so in consecutive years (2020–2022). Swift is the only female artist to have topped the list (2023–2024).