Spotify Reports Third Quarter 2024 Earnings
17 hours ago · November 12, 2024. Today, we announced our third quarter 2024 earnings where we outperformed across key metrics, moving us one step closer to a full year of profitability. Take a look at the highlights below: Monthly Active Users grew 11% Y/Y to 640 million. Subscribers increased 12% Y/Y to 252 million. Total Revenue was up 19% Y/Y to €4 billion.
Spotify forecasts profit above estimates on cost cuts, steady user ...
16 hours ago · 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. Its forecast for ...
Spotify Q3 Earnings: 252 Million Premium Subs, Revenue Climbs …
16 hours ago · Operating income came in at a record €454 million, with gross margin of 31.1% versus 26.4% in the year-earlier period. Spotify gained 14 million total monthly active users (free and paid) to ...
Spotify Adds Subscribers As 3Q Revenue Grows, Stock Pops
1 day ago · Music streaming giant Spotify grew monthly active users and premium subscribers last quarter, beating forecasts, as the stock rose 9% after the numbers.
Exclusive: Meta and Spotify spotted developing a new social …
Aug 27, 2024 · Meta and Spotify are exploring deeper music integration in Meta’s Instagram app. New findings indicate the companies are testing a feature that would allow users to continuously share what...
Meta and Spotify CEOs criticize AI regulation in the EU
Aug 23, 2024 · In joint statements published to both companies’ respective websites on Friday, Meta CEO Mark Zuckerberg and Spotify CEO Daniel Ek complain that EU privacy regulations around AI are holding...
Spotify Joins Meta in Open Letter to EU Decrying AI Regulation
Sep 19, 2024 · A group of companies led by Meta and including Spotify have issued an open letter to the European Union concerning “fragmented and inconsistent” decision-making on artificial intelligence and...
Meta, Spotify CEOs take aim at European AI regulations
Aug 23 (Reuters) - Meta (META.O) CEO Mark Zuckerberg and Spotify (SPOT.N) CEO Daniel Ek have criticized European regulations surrounding open-source artificial intelligence, saying the...
Spotify, Meta and others blast EU’s decision-making on AI
Sep 19, 2024 · A group of companies including Meta and Spotify blasted the European Union Thursday for its “fragmented and inconsistent” decision-making on data privacy and artificial intelligence (AI).
Meta, Spotify CEOs slap down European officials for ‘stifling’ AI ...
Aug 23, 2024 · Meta’s CEO Mark Zuckerberg and Spotify’s CEO Daniek Ek have taken aim at European lawmakers for enforcing “stifling” and “inconsistent” regulation that hampers the growth of tech companies.