Welcome to our dedicated page for Spotify Technology S.A. news (Ticker: SPOT), a resource for investors and traders seeking the latest updates and insights on Spotify Technology S.A. stock.
Spotify Technology S.A. (symbol: SPOT) is a leading Swedish audio streaming and media services provider, founded in 2006 by Daniel Ek and Martin Lorentzon. As of December 2023, Spotify boasts over 602 million monthly active users, including 220 million paying subscribers, positioning it as one of the largest music streaming platforms globally.
Headquartered in Stockholm, Sweden, Spotify's core business revolves around offering both a premium subscription model and an ad-supported service. Revenue streams from these models contributed 86% and 14% respectively to Spotify's total revenue in 2023, reflecting the significant impact of its paid services.
Spotify's platform provides users access to a vast library of music, podcasts, and other audio content. The company's continuous innovation includes strategic partnerships with major labels, independent artists, and podcast creators. Recent developments showcase Spotify's commitment to enhancing user experience and expanding its content offerings.
Financially, Spotify has demonstrated steady growth, leveraging its vast user base and diverse revenue models. The firm's monetization strategies and investment in new technologies ensure its competitive edge in the streaming industry. Spotify is also listed on the New York Stock Exchange in the form of American depositary receipts, reflecting its global reach and financial stability.
Stay updated with the latest news and developments from Spotify Technology S.A. to gain deeper insights into the company's performance and strategic direction.
- Recent achievements: Reached 602 million monthly active users in 2023.
- Current projects: Expanding podcast and audio content offerings.
- Partnerships: Collaboration with major music labels and independent artists.
Spotify Technology S.A. (NYSE: SPOT) will release its first quarter 2022 financial results on
Spotify Technology S.A. (NYSE: SPOT) is set to participate in the 2022 Morgan Stanley Technology, Media and Telecom Conference on March 9, 2022, at 7:10 p.m. Eastern Time. Chief Financial Officer Paul Vogel will share insights about Spotify’s Audio First strategy, long-term opportunities, and the company’s reactions to global events, including the invasion of Ukraine. Investors can access the live webcast and replay on the Spotify Investor Relations website.
Spotify boasts 406 million Monthly Active Users and 180 million Premium Subscribers.
Spotify Technology S.A. (NYSE: SPOT) announced that Chief Financial Officer Paul Vogel will present at the 2022 Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 9, 2022, at 7:10 p.m. Eastern Time. The presentation will be available for live streaming and replay on the Spotify Investor Relations website. Currently, Spotify boasts 406 million Monthly Active Users and 180 million Premium Subscribers, offering over 82 million tracks and 3.6 million podcast titles across 184 markets.
Spotify Technology S.A. (NYSE: SPOT) reported robust Q4 2021 results with MAUs growing 18% YoY to 406 million and Premium Subscribers rising 16% YoY to 180 million. Revenue reached €2,689 million, up 24% YoY, exceeding guidance, driven by strong advertising performance. Ad-Supported Revenue grew 40% YoY, accounting for 15% of total revenue. The company announced acquisitions of Findaway and Whooshkaa, enhancing its podcasting capabilities. Gross Margin stood at 26.5%, above forecast. For Q1 2022, Spotify will provide simplified guidance metrics. Overall, strong momentum signals positive growth ahead.
Spotify Technology S.A. (NYSE: SPOT) will announce its fourth quarter 2021 financial results on
cbdMD, Inc. (NYSE: YCBD) has extended its advertising partnership with Spotify (NYSE: SPOT) and the Joe Rogan Experience (JRE) through 2022. The collaboration, which began in 2019, allows the company to tap into JRE's extensive audience, enhancing brand visibility in the CBD market. Co-CEO Martin Sumichrast emphasized the significance of this partnership, highlighting Rogan's credibility as a customer and advocate for the CBD community. cbdMD offers over 130 THC-free CBD products, contributing to its status as a leading brand in the industry.
Spotify Technology S.A. (NYSE: SPOT) announced the acquisition of Findaway, a leader in digital audiobook distribution. This strategic move aims to enhance Spotify's presence in the audiobooks market, leveraging Findaway's technology to rapidly scale its audiobook catalog. The collaboration is expected to empower creators and provide innovative experiences for consumers. Findaway will retain its headquarters in Solon, Ohio, under the leadership of CEO Mitch Kroll. The transaction is anticipated to close in Q4 2021, pending regulatory approval.
Spotify Technology S.A. reported strong Q3 results, with revenue of €2,501 million, up 27% year-over-year, and Premium Subscribers growing 19% to 172 million. Monthly Active Users (MAUs) increased by 19% to 381 million. The Advertising Revenue surged 75%, reflecting broad strength across markets, particularly in the U.S. and U.K. Free Cash Flow reached €99 million, showing solid cash generation. The gross margin improved to 26.7%, aided by enhanced podcast content and advertising leverage.
Spotify Technology S.A. (NYSE: SPOT) will release its third quarter 2021 financial results on Wednesday, October 27, 2021, before market open. A Q&A session will follow at 8:00 AM ET, where management will address questions submitted via Slido. As the leading audio streaming service, Spotify boasts over 365 million Monthly Active Users and 165 million Premium Subscribers across 178 markets.
Spotify Technology S.A. (NYSE: SPOT) announced that its Chief Financial Officer, Paul Vogel, will present at the Bank of America Securities 2021 Media, Communications and Entertainment Conference on September 14, 2021, at 2:20 p.m. Eastern Time. The event can be accessed via a live webcast and replay on the Spotify Investor Relations website.
Spotify boasts over 365 million Monthly Active Users and 165 million Premium Subscribers, offering access to more than 70 million tracks and 2.9 million podcasts in 178 markets.
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