Spotify's Paid-Subscriber Dilemma - Lyrics May Hold the Key
Portfolio Pulse from Anusuya Lahiri
Spotify Inc (NYSE:SPOT) is considering putting lyrics behind its paywall to increase its paid subscribers. The company's paid subscribers growth is lagging behind free listeners. In its latest earnings report, Spotify announced a 34% increase in monthly users of its ad-supported tier, reaching 343 million. Paying monthly listeners also saw growth, but at a slower rate, up 17% to 220 million. Spotify's other revenue-boosting initiatives in 2023 included hiking the prices for its premium plans in the U.S. and plans to add full-length music videos to its app.
September 06, 2023 | 12:37 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Spotify is considering putting lyrics behind its paywall to increase its paid subscribers. This could potentially increase the company's revenue.
Spotify's move to put lyrics behind its paywall could potentially attract more paid subscribers, thus increasing its revenue. This could have a positive impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple Inc is mentioned as Spotify's main competitor.
Apple Inc is mentioned as Spotify's main competitor. However, the news does not provide any specific information that could impact Apple's stock price.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Alphabet Inc’s YouTube is mentioned as a competitor to Spotify in the music video space.
Alphabet Inc’s YouTube is mentioned as a competitor to Spotify in the music video space. However, the news does not provide any specific information that could impact Alphabet's stock price.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Alphabet Inc’s YouTube is mentioned as a competitor to Spotify in the music video space.
Alphabet Inc’s YouTube is mentioned as a competitor to Spotify in the music video space. However, the news does not provide any specific information that could impact Alphabet's stock price.
CONFIDENCE 90
IMPORTANCE 20
RELEVANCE 20