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The Latest Breaking News from SPOT

Spotify Slows Down On Hiring Amid Macro Uncertainties

Spotify Technology S.A. (NYSE:SPOT) slowed hiring by 25%, CNBC reports based on a companywide email from CEO Daniel Ek. However, he added the company would “continue to still hire and grow, we are just going to slow that pace and be a bit more prudent with the absolute level of new hires over…

Benzinga

The Joe Rogan Effect Continues: Spotify Debuts 'Safety Advisory Council' To Address Thorny Content

The brouhaha concerning Joe Rogan’s podcast that scalded over earlier this year continues to resonate as Spotify Technology SA (NYSE: SPOT) announced the formation of a “Safety Advisory Council” designed to offer third-party input on problematic content and online behavior.<

Benzinga

Wells Fargo Changes Its Stance and Re-rates Spotify: Find Out Why

Wells Fargo analyst Steven Cahall upgraded Spotify Technology S.A. (NYSE:SPOT) from Underweight to Equal-Weight. He raised the price target from $101 to $124. Following its June 2022 investor day, Cahall gained more compelling insights into SPOT's operating leverage. Cahall noted the company's belief in accomplishing an operating margin of ~10% in ~5 years, as gross…

Benzinga

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Spotify To Scoop Company Behind Val Kilmer's Voice In Tom Cruise Blockbuster

Spotify Technology SA (NYSE:SPOT) agreed to acquire Sonantic. Sonantic is a dynamic AI voice platform that creates compelling, nuanced, and stunningly realistic voices from the text. The financial terms of the transaction remain undisclosed. Sonantic technology helped bring Val Kilmer’s voice to life in Tom Cruise’s blockbuster Top Gun: Maverick, the TechCrunch reports. Kilmer was…

Benzinga

Dublin's Mitchell & Son celebrate 135 years with exclusive new whiskey

Gold Spot Single Pot Still Irish Whiskey is available from Monday

Dublin Live

Spotify Shares Jump On Analyst Upgrade, Drawing Parallels With Netflix

Raymond James analyst Andrew Marok upgraded Spotify Technology S.A. (NYSE:SPOT) to Outperform from Market Perform with a $150 price target. The stock has traded off significantly from all-time highs in early 2021 due to slower than expected scaling of the company's podcasting business and, most recently, soft margin guidance. Marok saw the bad news as…

Benzinga

4 Things This Spotify Analyst Expects At First Investor Event Since 2018 Direct Listing

Shares of music streaming service Spotify Technology SA (NYSE: SPOT) have lost half of their market capitalization year-to-date. Here's what one bull analyst is saying ahead of an investor event next week.

Benzinga

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Down More Than 50% YTD, is Spotify Stock Now a Buy?

Streaming service platform Spotify (SPOT) delivered solid financial growth in its last reported quarter. However, the company seems to have hit a wall in terms of its subscription growth, and its stock has plummeted more than 50% in price this year. So, will it be wise to bet on the…

StockNews.com

Why Roblox Stock Could Blast Higher Following Spotify Debut

Roblox Corporation (NYSE: RBLX) shot up over 6% on Monday, after breaking up bullishly from a falling channel pattern on April 28, which Benzinga called out earlier t

Benzinga

Spotify Partners With Roblox: What Investors Should Know

Spotify Technology (NYSE: SPOT) is headed to the metaverse with the help of a video game company.

Benzinga

Barclays Sees 62% Upside In Spotify Post Q1 - Here's Why

Barclays saw Spotify Technology SA (NYSE:SPOT) report total MAUs, premium subs, and revenue in line with consensus. The 2Q revenue guidance also came in line, but gross margins and OI were missed primarily due to continued core operating improvements across music, podcast, and FX headwinds. Furthermore, these two factors will likely remain for the next…

Benzinga

Netflix's Crash Triggers Concerns For Spotify Too

Netflix, Inc's (NASDAQ: NFLX)

Benzinga

What To Know About Guggenheim's Downgrade of Spotify Technology

Guggenheim downgraded its rating of Spotify Technology (NYSE:SPOT) to Neutral with a price target of $95.00, changing its price target from $200.00 to $95.00. Shares of Spotify Technology are trading down 12.12% over the last 24 hours, at $97.03 per share.

Benzinga

Looking At Spotify Technology's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Spotify Technology (NYSE:SPOT). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

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Benzinga

Why Spotify Shares Are Crashing Today

Spotify Technology S.A. (NYSE: SPOT) repo

Benzinga

Spotify Technology: Q1 Earnings Insights

Spotify Technology (NYSE:SPOT) reported its Q1 earnings results on Wednesday, April 27, 2022 at 07:00 AM. Here's what investors need to know about the announcement. Earnings Spotify Technology reporting an EPS of $0.24.

Benzinga

Check Out What Whales Are Doing With SPOT

StockNews.com

Cathie Wood's 2 Favorite Streaming Stocks

The stocks picked by investor Cathie Wood are considered attractive investments due to their high long-term growth potential. The content-streaming industry has grown rapidly over the past two years, driven by strong consumer demand amid pandemic-induced remote lifestyles. Since this trend is expected to continue in 2022, Wall Street analysts…

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Benzinga

Obamas Look To Move Beyond Spotify To Amazon, iHeartMedia

Barack and Michelle Obama look to end their association with Swedish streaming giant Spotify Technology SA (NYSE: SPOT),

Benzinga

Cathie Wood Trims Spotify And Buys Netflix-Fueled Dip In These 2 Stocks

Cathie Wood-led Ark Investment Management on Wednesday raised its exposure in Roblox Corp (NYSE: RBLX) and Roku Inc (NASDAQ: ROKU) on the dip and sold shares in Spotify Technology

Benzinga

Analyst Ratings for Spotify Technology

Within the last quarter, Spotify Technology (NYSE:SPOT) has observed the following analyst ratings:

Benzinga

This Smaller Spotify Rival Looks To Go Public Via €1.05B SPAC Merger

Spotify Technology SA's (NYSE:SPOT) smaller French rival Deezer looks to go public via a SPAC merger backed by billionaire Francois Pinault's investment group and investment banker Matthieu Pigasse, the Financial Times reports. Deezer merged with I2PO, a Paris-listed special purpose acquisition company. The SPAC raised €135 million in the form of Private Investment in Public Equity…

The Independent UK

Florida groups canvass spring breakers to warn of fentanyl

Community activists in South Florida sprang into action after West Point cadets on spring break were sickened by fentanyl-laced cocaine at a house party

Benzinga

Would Joe Rogan Ever Quit Spotify? Here's What He Said

Joe Rogan is threatening to walk away from his $200 million contract with Spotify Technology AG (NYSE: SPOT) if he is required to tow the corporate line in a manner not to his liking.

Benzinga

Spotify Adds Covid Content Advisory 2 Months After Backlash

Spotify Technology SA (NYSE:SPOT) added a Covid content advisory tab on podcasts and other content, CNBC reports. Several musicians and creators boycotted the platform for its airing of “The Joe Rogan Experience” over the alleged spread of Covid-19 vaccine misinformation. Spotify had promised the feature nearly two months ago. Also Read: Joe Rogan…

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