Trending: Investing in Bitcoin / 5 reasons to invest in Amazon / Investing in the Metaverse / Juicy Fields scandal
Friday, August 12, 2022
INVESTOR TIMES
  • Home
  • News
    Five Chinese state-owned companies to delist their shares on Wall Street

    Five Chinese state-owned companies to delist their shares on Wall Street

    Crypto companies are increasing spending on sports sponsorships

    Crypto companies are increasing spending on sports sponsorships

    Qualcomm and GlobalFoundries to double semiconductor production

    Qualcomm and GlobalFoundries to double semiconductor production

    McDonald’s reopens restaurants in Ukraine after six months

    McDonald’s reopens restaurants in Ukraine after six months

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    OPEC downgrades oil demand outlook for the remainder of 2022

    OPEC downgrades oil demand outlook for the remainder of 2022

    Bank of England raises interest rates to 1.75%

    Bank of England raises interest rates to 1.75%

    How Pelosi’s trip to Taiwan could impact global markets?

    How Pelosi’s trip to Taiwan could impact global markets?

    Platinum and palladium drop in price on global slowdown

    Platinum and palladium drop in price on global slowdown

  • Markets
    Five Chinese state-owned companies to delist their shares on Wall Street

    Five Chinese state-owned companies to delist their shares on Wall Street

    Saxo Bank: UK is becoming an emerging market

    Saxo Bank: UK is becoming an emerging market

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    OPEC+ raises oil production target by 100,000 barrels per day

    OPEC+ raises oil production target by 100,000 barrels per day

    G7 proposes to block Russian oil transit

    G7 proposes to block Russian oil transit

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    Janet Yellen: “We are not seeing a recession at this time”

    Janet Yellen: “We are not seeing a recession at this time”

    Inflation in the eurozone was 8.9% in July

    Inflation in the eurozone was 8.9% in July

    U.S. consumer spending rises more than expected

    U.S. consumer spending rises more than expected

  • Investing
    General Motors stock suffers due to supply problems

    General Motors stock suffers due to supply problems

    Callaway cuts earnings even on record revenues: good entry point

    Callaway cuts earnings even on record revenues: good entry point

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    Farmland: Why are the rich investing in it?

    Farmland: Why are the rich investing in it?

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Mining companies earned millions in 2021: How to invest in them in 2022?

    Mining companies earned millions in 2021: How to invest in them in 2022?

    A textbook exit scam: the Juicy Fields case in detail

    A textbook exit scam: the Juicy Fields case in detail

    Which are the best dividend paying stocks in the S&P 500?

    Which are the best dividend paying stocks in the S&P 500?

  • Technology
    Electric cruise ships: a business niche about to set sail

    Electric cruise ships: a business niche about to set sail

    Qualcomm and GlobalFoundries to double semiconductor production

    Qualcomm and GlobalFoundries to double semiconductor production

    why are Apple and Google fighting over the color of bubbles?

    Why are Apple and Google fighting over the color of bubbles?

    Spotify’s financial results exceed expectations

    Spotify’s financial results exceed expectations

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    Blockchain emerging as an alternative to SWIFT

    Blockchain emerging as an alternative to SWIFT

    Wages in the metaverse will be 50% higher, says study

    Wages in the metaverse will be 50% higher, says study

    $100 billion in revenue for China’s telecommunications industry

    $100 billion in revenue for China’s telecommunications industry

    Germany’s Volkswagen to overtake Tesla in sales by 2024, according to Bloomberg

    Germany’s Volkswagen to overtake Tesla in sales by 2024, according to Bloomberg

  • CryptocurrenciesTRENDING
    Crypto companies are increasing spending on sports sponsorships

    Crypto companies are increasing spending on sports sponsorships

    Director of the Central Bank of Brazil highlights the advantages of Bitcoin

    Director of the Central Bank of Brazil highlights the advantages of Bitcoin

    Crypto massification is inevitable, says Vitalik Buterin

    Crypto massification is inevitable, says Vitalik Buterin

    Cryptocurrency market: How to segment it?

    Cryptocurrency market: How to segment it?

    UK court finds Craig Wright’s claims “false”

    UK court finds Craig Wright’s claims “false”

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Solana opens an exclusive store in New York

    Solana opens an exclusive store in New York

    Bitcoin developer wants currency to have “infinite supply”

    Bitcoin developer wants currency to have “infinite supply”

    Titanium Blockchain CEO Pleads Guilty to Fraud

    Titanium Blockchain CEO Pleads Guilty to Fraud

S&P 500 (USA) 
4.242.88  35.61  0.85%  
NASDAQ Composite (USA) 
12.921.47  141.56  1.11%  
Dow Jones (USA) 
33.544.72  208.05  0.62%  
FTSE 100 (United Kingdom) 
7.500.89  34.98  0.47%  
EURO STOXX 50 (Europe) 
3.776,81  19,76  0,00%  
Nikkei 225 
28.546.98  727.65  2.62%  
VIX 
19.23  0.97  4.80%  
Bitcoin (USD) 
23.988.79  377.36  1.55%  
Ethereum (USD) 
1.898.40  8.03  0.42%  
  • Home
  • News
    Five Chinese state-owned companies to delist their shares on Wall Street

    Five Chinese state-owned companies to delist their shares on Wall Street

    Crypto companies are increasing spending on sports sponsorships

    Crypto companies are increasing spending on sports sponsorships

    Qualcomm and GlobalFoundries to double semiconductor production

    Qualcomm and GlobalFoundries to double semiconductor production

    McDonald’s reopens restaurants in Ukraine after six months

    McDonald’s reopens restaurants in Ukraine after six months

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    OPEC downgrades oil demand outlook for the remainder of 2022

    OPEC downgrades oil demand outlook for the remainder of 2022

    Bank of England raises interest rates to 1.75%

    Bank of England raises interest rates to 1.75%

    How Pelosi’s trip to Taiwan could impact global markets?

    How Pelosi’s trip to Taiwan could impact global markets?

    Platinum and palladium drop in price on global slowdown

    Platinum and palladium drop in price on global slowdown

  • Markets
    Five Chinese state-owned companies to delist their shares on Wall Street

    Five Chinese state-owned companies to delist their shares on Wall Street

    Saxo Bank: UK is becoming an emerging market

    Saxo Bank: UK is becoming an emerging market

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    The hedge fund Melvin Capital continues to be investigated by the SEC.

    OPEC+ raises oil production target by 100,000 barrels per day

    OPEC+ raises oil production target by 100,000 barrels per day

    G7 proposes to block Russian oil transit

    G7 proposes to block Russian oil transit

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    Janet Yellen: “We are not seeing a recession at this time”

    Janet Yellen: “We are not seeing a recession at this time”

    Inflation in the eurozone was 8.9% in July

    Inflation in the eurozone was 8.9% in July

    U.S. consumer spending rises more than expected

    U.S. consumer spending rises more than expected

  • Investing
    General Motors stock suffers due to supply problems

    General Motors stock suffers due to supply problems

    Callaway cuts earnings even on record revenues: good entry point

    Callaway cuts earnings even on record revenues: good entry point

    S&P 500: Top 4 sectors to invest in 2022

    S&P 500: Top 4 sectors to invest in 2022

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    The price of coal is soaring: By investing in this company, you can benefit from the rise

    Farmland: Why are the rich investing in it?

    Farmland: Why are the rich investing in it?

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Jefferies anticipates difficulties for Lululemon: there is room to wait

    Mining companies earned millions in 2021: How to invest in them in 2022?

    Mining companies earned millions in 2021: How to invest in them in 2022?

    A textbook exit scam: the Juicy Fields case in detail

    A textbook exit scam: the Juicy Fields case in detail

    Which are the best dividend paying stocks in the S&P 500?

    Which are the best dividend paying stocks in the S&P 500?

  • Technology
    Electric cruise ships: a business niche about to set sail

    Electric cruise ships: a business niche about to set sail

    Qualcomm and GlobalFoundries to double semiconductor production

    Qualcomm and GlobalFoundries to double semiconductor production

    why are Apple and Google fighting over the color of bubbles?

    Why are Apple and Google fighting over the color of bubbles?

    Spotify’s financial results exceed expectations

    Spotify’s financial results exceed expectations

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

    Blockchain emerging as an alternative to SWIFT

    Blockchain emerging as an alternative to SWIFT

    Wages in the metaverse will be 50% higher, says study

    Wages in the metaverse will be 50% higher, says study

    $100 billion in revenue for China’s telecommunications industry

    $100 billion in revenue for China’s telecommunications industry

    Germany’s Volkswagen to overtake Tesla in sales by 2024, according to Bloomberg

    Germany’s Volkswagen to overtake Tesla in sales by 2024, according to Bloomberg

  • CryptocurrenciesTRENDING
    Crypto companies are increasing spending on sports sponsorships

    Crypto companies are increasing spending on sports sponsorships

    Director of the Central Bank of Brazil highlights the advantages of Bitcoin

    Director of the Central Bank of Brazil highlights the advantages of Bitcoin

    Crypto massification is inevitable, says Vitalik Buterin

    Crypto massification is inevitable, says Vitalik Buterin

    Cryptocurrency market: How to segment it?

    Cryptocurrency market: How to segment it?

    UK court finds Craig Wright’s claims “false”

    UK court finds Craig Wright’s claims “false”

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Security flaw allowed hackers to steal nearly $200 million from Nomad

    Solana opens an exclusive store in New York

    Solana opens an exclusive store in New York

    Bitcoin developer wants currency to have “infinite supply”

    Bitcoin developer wants currency to have “infinite supply”

    Titanium Blockchain CEO Pleads Guilty to Fraud

    Titanium Blockchain CEO Pleads Guilty to Fraud

INVESTOR TIMES
Home Technology

Spotify’s financial results exceed expectations

The streaming company managed to increase its premium subscribers by 14% to 188 million

Eric Nesich by Eric Nesich
7/27/2022 - 11:05
in Technology
Reading Time: 1 min read
Share on FacebookShare on TwitterShare on LinkedIn
  • Spotify reports good quarterly results.
  • It has 433 million active users, of which 188 million are premium.
  • The company reduced its workforce by 25% to face expenses.

Spotify managed to present a result above the market analysts’ estimates on Wednesday. The streaming company achieved a 14% increase in paid subscriptions.

Spotify currently has 433 million active users, a number that exceeded expectations of 428 million. For the next quarter, subscriptions are expected to increase to 450 million. Spotify’s business model is based on paid subscribers and ad-supported playback in its free format. Advertising revenue rose to 31% in this earnings presentation.

The investing public has shown its unease in companies that base their revenues on advertising after Snapchat presented unfavorable results the previous week. The social network reported at the time that advertisers decided to reduce ad spending because of the current economic downturn. SNAP tumbled more than 30% that day.

“We saw a bit of weakness in the last two weeks of the quarter,” said Spotify CFO Paul Vogel. “While we expect advertising to become a much bigger part of our business in the long term … it’s still a reasonably small amount of our revenue at just 13%,” he maintained.

Spotify’s most important business is getting premium subscribers, or those who pay a monthly subscription and avoid listening to commercials. These subscribers amounted to 188 million, exceeding analysts’ expectations of 187 million.

Spotify reported a 23% increase in revenue to €2.9 billion ($2.94 billion), compared to the outlook of €2.8 billion. Although like most companies at this time it had to lay off people to balance its finances. It reduced its workforce by 25%.

The Sweden-based company expects to achieve revenues of €3 billion for the next quarter, above expectations of €2.95 billion.

Tags: companiesSpotifyWall Street

Related articles

Electric cruise ships: a business niche about to set sail
Technology

Electric cruise ships: a business niche about to set sail

by Pablo Petovel
— August 12, 2022
Qualcomm and GlobalFoundries to double semiconductor production
News

Qualcomm and GlobalFoundries to double semiconductor production

by Eric Nesich
— August 12, 2022
why are Apple and Google fighting over the color of bubbles?
Technology

Why are Apple and Google fighting over the color of bubbles?

by Alejandro Gil
— August 12, 2022
General Motors and LG obtain 2.5 billion dollars to develop lithium batteries
Technology

General Motors and LG obtain 2.5 billion dollars to develop lithium batteries

by Eric Nesich
— July 25, 2022
Blockchain emerging as an alternative to SWIFT
Technology

Blockchain emerging as an alternative to SWIFT

by Alejandro Gil
— July 22, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Last published articles

Five Chinese state-owned companies to delist their shares on Wall Street
Markets

Five Chinese state-owned companies to delist their shares on Wall Street

by Eric Nesich
— August 12, 2022
General Motors stock suffers due to supply problems

General Motors stock suffers due to supply problems

by Pablo Petovel
  August 12, 2022

Electric cruise ships: a business niche about to set sail

Electric cruise ships: a business niche about to set sail

by Pablo Petovel
  August 12, 2022

Crypto companies are increasing spending on sports sponsorships

Crypto companies are increasing spending on sports sponsorships

by Santiago Contreras
  August 12, 2022

Qualcomm and GlobalFoundries to double semiconductor production

Qualcomm and GlobalFoundries to double semiconductor production

by Eric Nesich
  August 12, 2022

Facebook Twitter LinkedIn Telegram RSS

ABOUT INVESTOR TIMES

INVESTOR TIMES is an independent publication of economic, finance and investment content, owned and operated by Altas Ventures.

MORE ABOUT US

  • Our team
  • Work with us
  • Advertise on IT
  • Contact
  • Corporate information
  • Terms of Use
  • Cookies Policy
  • Privacy Policy

INTERNATIONAL EDITIONS

Investor Times in English

Investor Times en Français

Investor Times in Deutsch

Investor Times in Italiano

Investor Times em Português

Investor Times po Polsku

Investor Times на русском языке

El País Financiero (edición en Español)

© ATLAS VENTURES SLU, all rights reserved. Any information contained in INVESTOR TIMES is for educational and/or informational purposes only, it is not financial and/or investment advice. INVESTOR TIMES may obtain economic retribution by recommending services or products of third parties. INVESTOR TIMES does not accept, nor will it accept in the future, subsidies or funds from Governments, political parties or public institutions.

No Result
View All Result
  • Home
  • News
  • Markets
  • Investing
  • Cryptocurrencies
  • Technology

  •  EXCLUSIVE  3 Russian men are the real perpetrators behind Juicy Fields, says Glanse

     NEW  Compound Interest Calculator

     TRENDING 
    Investing in Bitcoin Investing in the Metaverse 5 reasons to invest in Amazon

© ATLAS VENTURES, all rights reserved.