Spotify Insists Price Hikes Will Nor Harm Subscriber Growth
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...
Spotify Plans to Raise the Prices for Premium Plan in the U.S.
Americans are set to pay higher prices for their premium Spotify experience. The music streaming platform plans to increase the subscription fee for their ad-free premium plan in the U.S., according to a recent report by Wall Street Journal.
The current price of the Spotify...
Spotify Misses Quarterly Earnings Estimates
Spotify released its quarterly earnings report on Tuesday, showing signs of improvement from 2022 despite missing Wall Street estimates. The company reached its highest-ever first-quarter growth in monthly active users, thereby boosting its subscriber base.
Revenue for the period was 3.04 billion euros, compared to...
Spotify Stock Climbs After Unexpected Revenue Surge
Spotify has been one of the most successful music streaming platforms in the world for years, and yet the company is still managing to surprise analysts.
Finance wizards who work for Wall Street made bold predictions about how Spotify would fare in the second quarter,...