October 5, 2024
Image default
Business

Spotify – Podcasts Pad Revenue Despite Cancel Calls

Published by
ValueWalk

Spotify Technology SA (NYSE:SPOT)’s first quarter revenue rose 19% to €2.7bn, ignoring the impact of currency changes. That was better than management’s guidance, and reflected double-digit growth in both Premium and Ad-supported revenue. Monthly Active Users (MAUs) also grew beyond expectations. Gross margins of 25.2% were also ahead of guidance, but lower than last year. The group swung from operating profits of $14m to a $6m loss, reflecting increased costs. Q1 2022 hedge fund letters, conferences and more Spotify expects to add 14m MAUs in the current quarter, excluding the impact of the o…

Read More

Related posts

Dollar rises on Fed expectations, Omicron worries ease

The_Proponent

Nintendo announce impressive sales figures

The_Proponent

Dollar slips while Aussie and Norwegian crown outperform

The_Proponent

Microsoft eyes entire operations of TikTok in talks: report

The_Proponent

Fed’s Powell pledges to fight inflation in second term

The_Proponent

Amazon workers in New York begin voting in union election

The_Proponent

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.