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The Latest Breaking News from Spotify Technology SA

Morning Brief: Top Financial Stories Dominating on Tuesday, May 3

Bloomberg

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

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…

StockNews.com

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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

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…

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…

Benzinga

Read How Analysts Reacted To Google's Pact With Spotify

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google decided to allow Spotify Technology SA (NYSE:SPOT) and other app developers to offer users an alternative third-party payment option alongside Google Play's option. KeyBanc analyst Justin Patterson saw the move as a win for digital content providers. He viewed alternative payment options as a happy compromise that calmed regulators and…

Benzinga

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Spotify And Google? Why SPOT Shares Are Rising After Hours

Spotify Technology SA (NYSE: SPOT) shares are trading higher in Wednesday's after-hours session after Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL

Benzinga

Spotify Looks To Jump NFT Bandwagon After Failed Collaboration With Facebook

Spotify Technology SA (NYSE:SPOT) looked to add blockchain technology and non-fungible tokens to its streaming service, the Financial Times reports. Spotify hired people to work on early-stage projects related to “Web3,” a tech buzzword for a blockchain-powered network. Also Read: $17B Worth NFTs Traded In 2021, More Players Could Join After Visa, Nike…

Benzinga

Spotify Launches Car Thing For General Sale In US

Spotify Technology SA (NYSE:SPOT) launched Car Thing in the U.S. Now. Car Thing is up for general sale for $89.99, a $10 increase over the advertised price in October. Spotify's Car Thing is the dashboard accessory that controls Spotify on the phone, offering a more convenient way to control Spotify while driving. Spotify…

Benzinga

Spotify Analyst Cuts Target, Says Joe Rogan Controversy 'Becoming A Risk'

Shares of Spotify Technology SA (NYSE: SPOT) are down 15.7% since the company reported fourth-quarter revenue and earnings beats on Feb. 2.

Benzinga

Peloton Interactive CEO John Foley to Step Down: Report

Peloton Interactive Inc's (NASDAQ:PTON) co-founder John Foley is stepping down as CEO and will become executive chair, The Wall Street Journal reported. Barry McCarthy, the former chief financial officer of Spotify Technology SA (NYSE:SPOT) and Netflix Inc (NASDAQ:NFLX), will become CEO and president and join Peloton's board. Peloton also plans to cut 2,800 jobs to cope…

Benzinga

Neil Young takes aim at Spotify CEO, big banks

Singer-songwriter Neil Young has asked employees of Spotify Technology SA to quit their jobs while urging people to withdraw their money from big American banks, in protests over coronavirus misinformation and climate change.

Reuters

Analysis: Are Joe Rogan's Days At Spotify Numbered?

The controversy surrounding the content on the Spotify Technology SA (NYSE: SPOT) podcast “The Joe Rogan Experience” is showing no signs of abating, with greater pressure being placed on the company to address high-profile complaints of medical misinformation and racially insensit

Benzinga

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Benzinga

Spotify Breaks Out Of A Pattern And Moves Lower: What's Next?

Spotify Technology SA (NYSE: SPOT) shares are trading lower Thursday after the company reported fourth-quarter financial results and issued guidance.

Benzinga

6 Spotify Analysts Break Down Q4 Results As Stock Plunges: Are There Any Catalysts Ahead?

Spotify Technology SA (NYSE: SPOT) shares are plunging after the music streaming service issued lackluster user growth guidance.

Benzinga

Why Spotify Shares Are Falling Today

Spotify Technology SA (NYSE: SPOT) is trading lower Thursday morning after the company reported fourth-quarter financial results and issued guidance. Spotify reported quarterly revenue of 2.689 billion euros ($3.03 billion), representing an increase of 24% year-over-year.

Benzinga

Why These Analysts Think Spotify Will Be 'Just Fine' Despite Raging Joe Rogan Controversy

Loup Funds analysts Gene Munster and Doug Clinton said Monday that Spotify Technology SA (NYSE: SPOT) is going to be “just fine” in the end despite the raging controversy over Joe Rogan and COVID-19 pandemic.

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Bangkok Post

Joe Rogan apologises, Spotify to add advisory to podcasts

Benzinga

Joni Mitchell Follows Neil Young Off Spotify In Protest Of Joe Rogan's COVID-Related Content

Singer/songwriter Joni Mitchell has hailed the moral equivalent of a big yellow taxi to take her away from Spotify Technology SA (NYSE: SPOT), following Neil Young’s

Benzinga

SiriusXM Revives 'Neil Young Radio' After Rock Legend's Spotify Exodus

Neil Young fans who are lamenting his self-imposed departure from the Spotify Technology SA (NYSE: SPOT) podcast platform might be happy to know that SiriusXM (NASDAQ: SIRI) is bringing bac

Benzinga

Spotify Removes Neil Young's Music From Its Platform Over His Feud With Joe Rogan

Spotify Technology SA (NYSE: SPOT) has removed folk-rock star Neil Young’s music from the streaming platform following his feud with

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