Newsfeeds Archive - Spark Newswire

2 minute read

Spotify Turns Up The Volume On Pricing, Premium Plans See A Hike

June 3, 10:12 AM

Spotify shares surge as the company hiked U.S. premium plan prices. Subscribers will be informed via email about the changes: individual plans rising to $11.99 from $10.99, duo plans to $16.99 from $14.99, and family plans to $19.99 from $16.99. This move aims to boost profit margins amidst competition from Apple and Amazon, focusing on premium services that drive most of Spotify's revenue.

AAPL

2 minute read

Spotify Discontinues Car Thing Device, Shifts Focus to New User Features

By Anusuya Lahiri

May 24, 11:47 AM

Spotify discontinued its Car Thing device, citing streamlining of product offerings, no replacements planned. Stock up on Friday.

OND

2 minute read

Uber and Lyft Gear Up for Pay Increases in Minnesota: What Drivers and Investors Need to Know

By Anusuya Lahiri

May 22, 7:48 AM

Uber and Lyft drivers in Minnesota will receive higher pay thanks to a new law, with rates aligned with state study recommendations. Bill offers compromises but could increase costs for riders.

AWAY

1 minute read

Spotify Co-founder Daniel Ek Cashes Out More Spotify Stock, Shifts Focus to Tech and Climate Startups

By Anusuya Lahiri

April 29, 11:00 AM

Co-founder of Spotify, Daniel Ek, sells $179M worth of shares despite holding 7% stake. Company reports strong Q1 growth and plans to invest $1B in European startups.

OND

3 minute read

Spotify Stock Sheds All Gains After Q1 Earnings, But Analysts Are Impressed With the Performance

By Anusuya Lahiri

April 24, 3:34 PM

Spotify reported strong Q1 earnings with revenue of $3.95B, beating expectations. Analysts raise price target and predict growth in 2024.

OND

2 minute read

Music Giant Spotify’s Q1 Surprise: Investors Cheer Premium Subscriber Growth And Profit Bump

By Anusuya Lahiri

April 23, 8:33 AM

Spotify (NYSE:SPOT) reports Q1 2024 revenue of €3.64B, beating estimates. Premium revenue up 20%, MAUs up 19%, gross margin improves. Stock up 107%.

OND

2 minute read

Spotify’s Q1 Outlook: Analyst Anticipates Surge in Subscriber Base and Revenue Per User

By Anusuya Lahiri

April 12, 1:32 PM

Keybanc analyst maintains Overweight rating for Spotify (SPOT) and raises price target from $300 to $350. Positive outlook for 2024-2026 revenue and profitability. Analyst notes potential for stock growth.

NFLX