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...

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...

According to Goldman Sachs, the music industry is on the brink of a significant transformation due to generative AI, offering “significant opportunities” for the sector, CNBC reports. Goldman Sachs has identified five buy-rated stocks to leverage this trend: Live Nation (NASDAQ:LYV),...

Amidst the escalating battle for music streaming supremacy, Spotify Inc. (NYSE:SPOT) maintains its leading position while Apple Inc. (NASDAQ:AAPL) Music and Amazon.com, Inc. (NASDAQ:AMZN) emerge as formidable contenders, edging closer to disrupting the status quo.  What Happened: Apple Music...

Spotify Technology S.A. (SPOT) announced a significant revamp of its mobile app — and it appears that the music streaming giant has taken inspiration from ByteDance-owned TikTok.  What Happened: On Wednesday, Spotify unveiled a new mobile interface, calling it the "biggest evolution yet" with...

Apple Inc (NASDAQ: AAPL) raised the prices of both its monthly and annual subscription-based content services in the United States. What Happened: The price hike means Apple TV+ and Apple Music will now cost more and so will the bundled services in the Apple One services, reported CNBC. Apple Music...

TikTok parent ByteDance Ltd reportedly wants to boost its music-streaming business and up the ante against industry heavyweights such as Spotify Technology S.A. (NYSE: SPOT).  What Happened: ByteDance has started approaching music labels for its Resso...

Apple Inc’s (NASDAQ:AAPL) music streaming service is now available on Roku Inc’s (NASDAQ: ROKU) platform. What Happened: Roku said in a statement that the Apple Music service is available on its platform globally. Apple Music’s subscribers would...

Cathie Wood-led Ark Investment Management on Thursday raised its exposure in Roblox Corp (NYSE: RBLX), Roku Inc (NASDAQ: ROKU) and Unity Software Inc (NYSE: U). It sold shares in Spotify Technology SA (NYSE: SPOT) as they fell...

A Spotify Technology S.A. (NYSE: SPOT) executive who was instrumental in roping in Joe Rogan is leaving the company. What Happened: Courtney Holt, architect of Spotify's podcasting strategy, will depart after nearly a four-year stint at the company, the Ankler reported. The executive would...

Spotify Technologies S.A. (NYSE: SPOT) said Wednesday it was acquiring two podcast tech platforms — Chartable and Podsights. What Happened: Chartable is a podcast analytics platform, while Podsights is a podcast advertising measurement service. Spotify said it plans to solve the pain...