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Spotify predicts strong quarter after cost cuts power first annual profit ... driven by subscriber gains and a 5% increase in average revenue per user. Spotify hiked prices in the U.S. in June ...
The Premium gross margin was 34.7%, up 565 bps year over year, driven by favorability from audiobooks, music, and Other Costs of Revenue. The ad-supported gross margin was 15.1%, up 351 bps year ...
Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million euros.
Spotify hit all the right notes in reporting Q4 and full-year 2024 earnings, with the audio streamer turning in its first annual net profit since it was founded in 2006. Shares of Spotify surged ...
The stock, which lost more than two-thirds of its value in 2022, is up about 100% year to date and up roughly 75% on a year-over-year basis. Still, shares remain more than 50% below their record ...
Helped by cost-cutting measures include a mass layoff, Spotify posted a record profit in the second quarter of 2024 that topped expectations. The music and audio streaming giant gained 7 million ...
The audio giant also swung to a profit as it continues ... of 0.65 euros per share. It also compares with the year-earlier period loss of 225 million euros, or a loss of 1.16 euros a share ...
The music streaming service reports record profits of over €1bn (£860m) after laying off 1500 staff.
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