Spotify (SPOT) Boosts Paid Subscribers in First Quarter, Beating Estimates
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Spotify Reports First Quarter 2024 Earnings — Spotify
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
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Spotify swings to profit; paying subscribers rise
Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter. The company posted a "new quarterly high" operating profit of 168 million euros ($179 million) -- a turnaround from a loss of 156
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Google parent Alphabet's first dividend boosts shares
Alphabet has announced its first dividend and a $US70 billion ($A107 billion) stock buybuck, cheering investors who sent the stock surging nearly 16 per cent after the bell. The Google parent is returning capital while spending billions of dollars on data centres to catch up with rivals on generative artificial intelligence. The dividend will be […]