music streaming

Spotify Technology S.A. (NYSE:SPOT) shares opened at a record $675 on Tuesday in New York, lifted by a bullish industry forecast from Goldman Sachs that sees the global music market nearly doubling in size over the next decade. In its annual Music in the Air report, published Tuesday and led by...

Editor’s Note: Quarterly earnings and revenue were corrected and updated. Spotify Technology S.A. (NYSE:SPOT) reported its third-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter.   The Details: Spotify reported quarterly earnings of $1.59 per...

Spotify Technology S.A. (NYSE:SPOT) reported its third-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter.   The Details: Spotify reported quarterly earnings of $1.46 per share, which missed the analyst consensus estimate of $1.76. The company reported...

Spotify Technology SA (NYSE:SPOT) expanded its AI Playlist feature to new regions, giving Premium subscribers in the U.S., Canada, Ireland and New Zealand access to a text-based playlist creation tool. Launched in the U.K. and Australia earlier this year, the beta feature is now available to more...

Spotify Technology SA (NYSE:SPOT) has unveiled new statistics highlighting the explosive growth of anime music on its platform. According to the latest figures, reported by Music Business Worldwide, global streams of anime music have skyrocketed by 395% since 2021. Additionally, Spotify now hosts...

In Tuesday’s second-quarter earnings call, Spotify Technology SA‘s (NYSE:SPOT) CEO Daniel Ek and interim CFO Ben Kung hinted at the possibility of future price increases, despite not providing a concrete timeline. This comes on the heels of substantial hikes in 2023 and 2024, where the...

The global music industry has experienced a notable increase in streaming activity during the first half of 2024 According to Luminate's Midyear Report, over 1 trillion streams were achieved at a record pace, reaching this milestone ten days earlier compared to the previous year. See Also: Karol G...

Taylor Swift‘s latest album, “The Tortured Poets Department” (TTPD), is breaking records left and right. Selling 1.6 million units in the U.S. on its first day, including 600,000 vinyl copies, TTPD is shaping up to be one of the biggest music releases in recent memory. Despite the...

Spotify Technologies SA (NYSE:SPOT) is developing new features inspired by TikTok to keep up with the platform’s popularity. According to The Wall Street Journal, these tools will allow paid subscribers to tweak tracks, like speeding them up or creating mash-ups, for later listening. One big...

Spotify Technology SA (NYSE:SPOT) has launched a new beta tool for its Premium subscribers in the UK and Australia, allowing them to create AI-personalized playlists based on text descriptions. According to a company’s blog post, users can access this feature on their mobile devices by...

Tencent Music Entertainment Group (NYSE: TME) defied expectations with its fourth quarter report. A strong profit growth despite a slight revenue dip is a testament to the company’s strategic agility as growth in paid subscriptions helped offset mixed results in its social media business...

Spotify (NYSE: SPOT) reported $3.95 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 22.3%. EPS of -$0.39 for the same period compares to -$1.43 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.96 billion, representing...

Spotify Technology SA (NYSE:SPOT), will be reporting its fourth-quarter earnings on Feb. 6. Wall Street expects a negative 14 cents in EPS and $4.06 billion in revenues as the company reports before market hours. Here's what analysts will be focusing on, and how the stock currently maps against...

Spotify Technology SA (NYSE: SPOT) anticipates positive changes with the European Union's Digital Markets Act (DMA), set to roll out on March 7. The DMA is expected to enforce new rules for iOS app developers, allowing Spotify to share details about deals, promotions, and payment options within...

The European Parliament has called for fair and sustainable rules in the music streaming industry. In a resolution passed with strong support (532 votes to 61, with 33 abstentions), the Parliament urges the creation of EU regulations to tackle current imbalances in the sector. See Also: ...