Today, we announced our first quarter 2024 earnings. In a solid start to the year, Spotify reported… Monthly Active Users grew 19% Y/Y to 615 million. Subscribers increased 14% Y/Y to 239 million. Total Revenue was up 20% Y/Y to €3.6 billion. Gross Margin reached 27.6%. Operating Income improved to €168 million. “We’ve talked about…
Records smashed. History made. It’s been just five days since Taylor Swift unveiled her 11th studio album, THE TORTURED POETS DEPARTMENT, and the reception from Swifties worldwide has been rapturous. On April 22, 2024, THE TORTURED POETS DEPARTMENT became Spotify’s most-streamed album in a single week. And as of today, the album has surpassed 1 billion…
Billie Eilish fans have been waiting with bated breath for her third studio album, HIT ME HARD AND SOFT, arriving May 17. Now, together with Spotify, Billie invites fans to step inside the vast, mysterious world of her new project with an immersive listening experience at the innovative London showspace Lightroom. On May 16 and…
High taxes on share payouts, low-quality schools and Stockholm’s housing shortage are the main factors making it harder for Spotify to recruit foreign talent to Sweden, the streaming giant’s HR boss, Katarina Berg, told Swedish news agency TT in an interview. She called it a “skills exodus” which pushes not only foreign workers, but even…
Global streaming audio giant Spotify has narrowed its losses in Australia during a year that saw the company kick off an aggressive cost-cutting program that wielded the axe on more than 17% of its global workforce. In fresh accounts filed with the corporate regulator on Monday, Spotify Australia reported net losses after tax for the…
On Spotify, users discover and enjoy music, podcasts, and audiobooks. So that we can continue to invest in and innovate on our product features and bring users the best experience, we occasionally update our prices. Over the next month, subscribers in the U.S. will receive an email (pictured below) explaining what this update means for their…
Over the next several weeks, listeners will find home page banners and personalized messages in-app revealing their unique My Spotify listening habits. They can also explore personalized features that are exclusive to Spotify, like daylist, DJ, Blend, Daily Mix, or the “Made For You” hub—a one-stop shop full of personalized playlists, podcasts, features, and recommendations…
On Spotify, users discover and enjoy music, podcasts, and audiobooks, with various plans that meet our listeners’ needs. We offer subscriptions for every stage of life and household, depending on how listeners like to stream. And we’re now offering even more options for eligible U.S. subscribers, who can choose one of the plans below. Premium…
Spotify founder Daniel Ek’s net worth in 2024 is around $9 billion. Read about his journey from founding Spotify to making strategic investments in various industries. Source link
Shares of giant music streamer Spotify have jumped 13% in pre-market trading as the company grew premium, subscribers, revenue and profit for the second quarter ended in June. Monthly active users rose 14% to 626 million and expanded across all regions, although a bit below Wall Street’s guidance. But subscribers jumped 12% to 246 million,…
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