As part of their plans to increase profit, music streaming giant Spotify is reportedly considering introducing a new service that would bring added features, but cost users an additional $5.99 on top of their existing plan.
According to Bloomberg, the new service is named “Music...
Spotify Technology reported a record net income of €274 million ($298 million) for the second fiscal quarter, smashing analysts' estimates. This resulted in earnings of €1.33 ($1.44) per share, compared to forecasts of €1.04 euros per share. Operating income for the quarter stood at...
The music streaming platform Spotify announced it would roll out a new subscription plan for its users in the United States. The news comes after the company recently increased prices for the majority of its subscription plans.
The new subscription tier is called “Basic” and...
Spotify premium subscribers in the United States will soon have to pay more to keep listening to their favorite songs and podcasts without disruption. The streamer announced on Monday that it would raise the cost of its premium tiers for U.S. users, marking the...
Spotify stocks jumped by 10% during premarket trading after the streaming platform released its fourth-quarter earnings. Despite an operating loss of 75 million euros ($80.6 million) led by real estate-related expenses, the company is on course to a first-quarter operating income of 180 million...
Spotify insisted that its recently-announced price hikes would not have a harmful impact on its recent subscriber growth. This comes after shares in the music streaming platform slumped to their lowest level since mid-December on Monday.
On Monday, Spotify announced that it would be implementing...
