Spotify’s 7 Million New Subscribers Bumps Revenue Up 20%
The streaming giant said it added 1 million more subscribers than forecast for the second quarter, boosting revenue and profit margins.
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Spotify’s 7 Million New Subscribers Bumps Revenue Up 20%
Read more: Spotify’s 7 Million New Subscribers Bumps Revenue Up 20%The streaming giant said it added 1 million more subscribers than forecast for the second quarter, boosting revenue and profit margins.
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Spotify’s Decision to Lay Off 17% of Its Workforce Examined in 6 Graphs
Read more: Spotify’s Decision to Lay Off 17% of Its Workforce Examined in 6 GraphsCEO Daniel Ek wants Spotify to become “relentlessly resourceful.” The company’s financial results showed it was becoming less efficient as it led the music industry’s renaissance.
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Spotify Lays Off 1,500 as Revenues Climb
Read more: Spotify Lays Off 1,500 as Revenues ClimbSpotify staff could be listening to a funerary dirge in their own Spotify Wraps. The company announced it was making sweeping staff cuts across the board, reducing global headcount by around 17%. Merry Christmas.Read more…
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Music’s Top Money Makers: The Highest-Paid Executives and Stockholders at Publicly Traded Companies
Read more: Music’s Top Money Makers: The Highest-Paid Executives and Stockholders at Publicly Traded CompaniesBillboard’s annual Executive Money Makers ranking shows music’s top executives were paid handsomely post-pandemic in 2022 — and some shareholders are not happy.
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Spotify Reportedly Bringing Free Audiobook Trial to Paying Subscribers
Read more: Spotify Reportedly Bringing Free Audiobook Trial to Paying SubscribersSpotify will offer subscribers a free audiobook trial for a limited time as part of its efforts to break into the market, according to people familiar with the matter, the Wall Street Journal reported. Subscribers will reportedly have access to up to 2…
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Daniel Ek Sells $100M in Spotify Stock Following Earnings Report
Read more: Daniel Ek Sells $100M in Spotify Stock Following Earnings ReportThe CEO has offloaded 675,000 shares in the company, according to a new Securities & Exchange Commission filing.
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Spotify Hikes Premium Subscription Price in the US
Read more: Spotify Hikes Premium Subscription Price in the USSpotify announced on Monday that it’s raising the cost of the premium subscription in the U.S. for the first time in 12 years. It said the increased prices are in response to an evolving “market landscape,” and to give Spotify cash so it “can keep inno…
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Spotify Founder Daniel Ek’s Medical Technology Company Raises $65 Million
Read more: Spotify Founder Daniel Ek’s Medical Technology Company Raises $65 MillionNeko Health, the company behind a 10-minute preventative health scan, is among the “moonshot projects” that have garnered Ek’s support.
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Daniel Ek’s Neko Health raises $65M for preventative healthcare through full-body scans
Read more: Daniel Ek’s Neko Health raises $65M for preventative healthcare through full-body scansNeko Health, the health tech startup co-founded by Spotify co-creator Daniel Ek, has raised €60 million ($65 million) in its first external round of funding. The Series A round was led by Lakestar, with participation from Atomico and General Catalyst. Founded out of Sweden in 2018 by Ek and Hjalmar Nilsonne, Neko Health exited stealth…
