Trending: Investing in Bitcoin / 5 reasons to invest in Amazon / Investing in the Metaverse
Wednesday, March 22, 2023
INVESTOR TIMES
  • Home
  • News
    How much will the fight with Kanye West cost Adidas?

    How much will the fight with Kanye West cost Adidas?

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    Public investment in Ireland will be only for sustainable businesses

    Public investment in Ireland will be only for sustainable businesses

    Jerome Powell warns Fed could raise rates further

    Jerome Powell warns Fed could raise rates further

    JPMorgan: “zero-day” options contracts would sink SPX

    JPMorgan: “zero-day” options contracts would sink SPX

    Used cars prices rise unusually in the U.S

    Used cars prices rise unusually in the U.S

    Chinese mobile manufacturers want to go after Apple and Samsung

    Chinese mobile manufacturers want to go after Apple and Samsung

    ACS to build a battery plant for Panasonic in the U.S

    ACS to build a battery plant for Panasonic in the U.S

    Carvana could be on the verge of bankruptcy

    Carvana could be on the verge of bankruptcy

  • Markets
    Pontegadea continues to buy real estate: now the target is London

    Pontegadea continues to buy real estate: now the target is London

    BMW adds to profits thanks to Rolls Royce and Mini

    BMW adds to profits thanks to Rolls Royce and Mini

    Puma achieves record sales in last year with Gulden as CEO

    Puma achieves record sales in last year with Gulden as CEO

    Nike and Decathlon lead as the world’s largest sports retailers

    Nike and Decathlon lead as the world’s largest sports retailers

    Walmart unstoppable: sells U$S 611 billion in 2022

    Walmart unstoppable: sells U$S 611 billion in 2022

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    U.S. housing market could continue to decline

    U.S. housing market could continue to decline

  • Investing
    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

    How to manage risk in times of stock market volatility

    How to manage risk in times of stock market volatility

    Gold investment price

    Why a physical gold IRA is becoming a hot investing topic

    Home Depot announces dividend increase

    Home Depot announces dividend increase

    The fall in Alibaba’s earnings softens

    The fall in Alibaba’s earnings softens

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    The biggest investment mistakes made by Warren Buffett

    The biggest investment mistakes made by Warren Buffett

    Which stocks are attractive for investing in IoT and robotics

    Which stocks are attractive for investing in IoT and robotics

    Mixed results for Uber Technologies in 2022

    Mixed results for Uber Technologies in 2022

  • Technology
    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

    Tesla prepares a Model Y update: what we know about “Juniper”

    Tesla prepares a Model Y update: what we know about “Juniper”

    Li-Cycle to recycle lithium batteries in Rochester

    Li-Cycle to recycle lithium batteries in Rochester

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Amazon goes all-in on live sports streaming

    Amazon goes all-in on live sports streaming

    Bing’s AI has “lost its mind”

    Bing’s AI has “lost its mind”

    ChatGPT’s Chinese competitor to be launched in March

    ChatGPT’s Chinese competitor to be launched in March

    Alphabet board confesses doubts about Bard

    Alphabet board confesses doubts about Bard

    Advantages and disadvantages of AI, according to Bill Gates

    Advantages and disadvantages of AI, according to Bill Gates

  • CryptocurrenciesTRENDING
    Circle’s exposure to SVB is $3.3 billion

    Circle’s exposure to SVB is $3.3 billion

    Crypto crisis drives Silvergate into bankruptcy

    Crypto crisis drives Silvergate into bankruptcy

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Forbes claims Binance is in trouble, Zhao denies it

    Forbes claims Binance is in trouble, Zhao denies it

    SEC reportedly preparing a battle against stablecoins

    SEC reportedly preparing a battle against stablecoins

    U.S. regulatory pressure on cryptomarket increases

    U.S. regulatory pressure on cryptomarket increases

    What is Crypto Staking and why is the SEC regulating these services?

    What is Crypto Staking and why is the SEC regulating these services?

    Shanghai: a glimpse of Ethereum’s next update

    Shanghai: a glimpse of Ethereum’s next update

    Manchester City token collapses for this reason

    Manchester City token collapses for this reason

S&P 500 (USA) 
4.002.87  51.30  1.30%  
NASDAQ Composite (USA) 
11.860.11  184.57  1.58%  
Dow Jones (USA) 
32.560.60  316.02  0.98%  
FTSE 100 (United Kingdom) 
7.525.50  10.72  0.14%  
EURO STOXX 50 (Europe) 
4.184,99  3,39  0,00%  
Nikkei 225 
27.466.61  520.94  1.93%  
VIX 
21.96  2.19  9.07%  
Bitcoin (USD) 
28.138.42  380.75  1.37%  
Ethereum (USD) 
1.788.67  45.67  2.62%  
  • Home
  • News
    How much will the fight with Kanye West cost Adidas?

    How much will the fight with Kanye West cost Adidas?

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    TD Cowen: SVB’s fall does not threaten the stability of the banking system

    Public investment in Ireland will be only for sustainable businesses

    Public investment in Ireland will be only for sustainable businesses

    Jerome Powell warns Fed could raise rates further

    Jerome Powell warns Fed could raise rates further

    JPMorgan: “zero-day” options contracts would sink SPX

    JPMorgan: “zero-day” options contracts would sink SPX

    Used cars prices rise unusually in the U.S

    Used cars prices rise unusually in the U.S

    Chinese mobile manufacturers want to go after Apple and Samsung

    Chinese mobile manufacturers want to go after Apple and Samsung

    ACS to build a battery plant for Panasonic in the U.S

    ACS to build a battery plant for Panasonic in the U.S

    Carvana could be on the verge of bankruptcy

    Carvana could be on the verge of bankruptcy

  • Markets
    Pontegadea continues to buy real estate: now the target is London

    Pontegadea continues to buy real estate: now the target is London

    BMW adds to profits thanks to Rolls Royce and Mini

    BMW adds to profits thanks to Rolls Royce and Mini

    Puma achieves record sales in last year with Gulden as CEO

    Puma achieves record sales in last year with Gulden as CEO

    Nike and Decathlon lead as the world’s largest sports retailers

    Nike and Decathlon lead as the world’s largest sports retailers

    Walmart unstoppable: sells U$S 611 billion in 2022

    Walmart unstoppable: sells U$S 611 billion in 2022

    Experts: recession to come at the end of rate hike cycle

    Experts: recession to come at the end of rate hike cycle

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    U.S. housing market could continue to decline

    U.S. housing market could continue to decline

  • Investing
    Hedging hurts more than stock market declines, study says

    Hedging hurts more than stock market declines, study says

    How to manage risk in times of stock market volatility

    How to manage risk in times of stock market volatility

    Gold investment price

    Why a physical gold IRA is becoming a hot investing topic

    Home Depot announces dividend increase

    Home Depot announces dividend increase

    The fall in Alibaba’s earnings softens

    The fall in Alibaba’s earnings softens

    Is it better to invest in Stellantis or in Ford and GM?

    Is it better to invest in Stellantis or in Ford and GM?

    The biggest investment mistakes made by Warren Buffett

    The biggest investment mistakes made by Warren Buffett

    Which stocks are attractive for investing in IoT and robotics

    Which stocks are attractive for investing in IoT and robotics

    Mixed results for Uber Technologies in 2022

    Mixed results for Uber Technologies in 2022

  • Technology
    Why Americans want to remove Instagram from their phones

    Why Americans want to remove Instagram from their phones

    Tesla prepares a Model Y update: what we know about “Juniper”

    Tesla prepares a Model Y update: what we know about “Juniper”

    Li-Cycle to recycle lithium batteries in Rochester

    Li-Cycle to recycle lithium batteries in Rochester

    Is it time to bet on tech stocks again?

    Is it time to bet on tech stocks again?

    Amazon goes all-in on live sports streaming

    Amazon goes all-in on live sports streaming

    Bing’s AI has “lost its mind”

    Bing’s AI has “lost its mind”

    ChatGPT’s Chinese competitor to be launched in March

    ChatGPT’s Chinese competitor to be launched in March

    Alphabet board confesses doubts about Bard

    Alphabet board confesses doubts about Bard

    Advantages and disadvantages of AI, according to Bill Gates

    Advantages and disadvantages of AI, according to Bill Gates

  • CryptocurrenciesTRENDING
    Circle’s exposure to SVB is $3.3 billion

    Circle’s exposure to SVB is $3.3 billion

    Crypto crisis drives Silvergate into bankruptcy

    Crypto crisis drives Silvergate into bankruptcy

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Censorship resistance: what is it and why is it so important in the crypto industry?

    Forbes claims Binance is in trouble, Zhao denies it

    Forbes claims Binance is in trouble, Zhao denies it

    SEC reportedly preparing a battle against stablecoins

    SEC reportedly preparing a battle against stablecoins

    U.S. regulatory pressure on cryptomarket increases

    U.S. regulatory pressure on cryptomarket increases

    What is Crypto Staking and why is the SEC regulating these services?

    What is Crypto Staking and why is the SEC regulating these services?

    Shanghai: a glimpse of Ethereum’s next update

    Shanghai: a glimpse of Ethereum’s next update

    Manchester City token collapses for this reason

    Manchester City token collapses for this reason

INVESTOR TIMES
Home Technology
ACTUALIZADO: November 23, 2022

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

Why Americans want to remove Instagram from their phones
Technology

Why Americans want to remove Instagram from their phones

by Santiago Contreras
— March 14, 2023
Tesla prepares a Model Y update: what we know about “Juniper”
Technology

Tesla prepares a Model Y update: what we know about “Juniper”

by Pablo Petovel
— March 9, 2023
Li-Cycle to recycle lithium batteries in Rochester
Technology

Li-Cycle to recycle lithium batteries in Rochester

by Alejandro Gil
— March 2, 2023
Is it time to bet on tech stocks again?
Markets

Is it time to bet on tech stocks again?

by Pablo Petovel
— February 28, 2023
Amazon goes all-in on live sports streaming
Technology

Amazon goes all-in on live sports streaming

by Pablo Petovel
— February 27, 2023

Leave a Reply Cancel reply

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

Last published articles

How much will the fight with Kanye West cost Adidas?
News

How much will the fight with Kanye West cost Adidas?

by Pablo Petovel
— March 16, 2023
Pontegadea continues to buy real estate: now the target is London

Pontegadea continues to buy real estate: now the target is London

by Pablo Petovel
  March 16, 2023

BMW adds to profits thanks to Rolls Royce and Mini

BMW adds to profits thanks to Rolls Royce and Mini

by Pablo Petovel
  March 15, 2023

TD Cowen: SVB’s fall does not threaten the stability of the banking system

TD Cowen: SVB’s fall does not threaten the stability of the banking system

by Alejandro Gil
  March 15, 2023

Hedging hurts more than stock market declines, study says

Hedging hurts more than stock market declines, study says

by Alejandro Gil
  March 15, 2023

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.