Streetbeat News

SPOT

Spotify Technology S.A.

https://www.spotify.com

Industry

Internet Content & Information

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices. The company also offers sales, marketing, contract research and development, and customer support services. As of December 31, 2021, its platform included 406 million monthly active users and 180 million premium subscribers in 184 countries and territories. The company was incorporated in 2006 and is based in Luxembourg, Luxembourg.

Open

474.00

Mkt cap

90B

Volume

High

474.00

P/E Ratio

191.77

52-wk high

489.69

Low

457.59

Div yield

N/A

52-wk low

174.67

Epic Games is working to relaunch 'Fortnite' on its own app store for iPhone users in the EU, complying with Apple's notarization process despite previous conflicts. This move follows the EU's Digital Markets Act, which allows third-party developers more access to Apple's platform.

Portfolio Pulse from Ananya Gairola

July 01, 2024 | 6:16 am

EU regulators found that Apple violated the Digital Markets Act by blocking software developers from telling customers how to access content outside the App Store. Apple is also facing a separate investigation for charging a 'core technology fee' for iOS apps in the EU. In the U.S., Apple is defending itself against antitrust charges. The Digital Markets Act aims to limit the monopoly power of tech giants like Apple, Amazon, Alphabet, Microsoft, ByteDance, and Meta. The European Commission is also investigating Alphabet and Meta for similar issues.

Portfolio Pulse from Upwallstreet

June 26, 2024 | 1:17 pm

YouTube is negotiating with record labels to develop new AI music tools. This move aims to enhance user experience and create new revenue streams. The development could impact companies like Alphabet (GOOG, GOOGL), Apple (AAPL), Spotify (SPOT), and Warner Music Group (WMG).

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:53 pm

The New York Times plans to move its podcasts, including popular shows like 'Serial' and 'The Daily,' behind a paywall, limiting access to subscribers. This move is aimed at boosting subscription revenue.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 6:53 pm

Spotify Technology SA (NYSE:SPOT) has introduced a new 'Basic' streaming plan in the U.S. priced at $10.99 per month, following a recent increase in the Premium plan price. The new plan excludes monthly audiobook listening time. Analysts predict accelerated revenue growth in 2024 due to effective pricing strategies. SPOT shares have gained over 100% in the last 12 months.

Portfolio Pulse from Anusuya Lahiri

June 21, 2024 | 5:18 pm

Spotify has added video support for all platform podcasters, expanding its capabilities beyond audio. This move aims to compete with YouTube and capitalize on the growing demand for video content.

Portfolio Pulse from Hayden Buckfire

June 20, 2024 | 5:17 pm

TikTok is forming a Music Content Investment Team to explore global partnership or acquisition opportunities in the music content sector. This move could impact major music rights holders and mirrors strategies of tech giants like Apple and Spotify.

Portfolio Pulse from Franca Quarneti

June 19, 2024 | 5:24 pm

Spotify Technology (NYSE:SPOT) has outperformed the market over the past 5 years with an average annual return of 16.54%, resulting in a $100 investment growing to $206.54. The article highlights the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 5:00 pm

Spotify shares are trading higher following the company's announcement of price increases for Premium plans earlier in the week.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 7:21 pm

U.S. stocks were mostly lower on Friday, with the Dow Jones index falling around 300 points. However, several stocks saw significant gains. Hasbro, Inc. (NASDAQ:HAS) rose 5.5% after an upgrade from B of A Securities. Disc Medicine, Inc. (NASDAQ:IRON) gained 15.6% following a $178 million underwritten offering. UroGen Pharma Ltd. (NASDAQ:URGN) rose 15.4% due to positive Phase 3 trial results. Adobe Inc. (NASDAQ:ADBE) surged 14.3% on strong earnings. Other notable gainers include Ocular Therapeutix, Inc. (NASDAQ:OCUL), VinFast Auto Ltd. (NASDAQ:VFS), Tutor Perini Corporation (NYSE:TPC), and Arm Holdings plc (NASDAQ:ARM).

Portfolio Pulse from Avi Kapoor

June 14, 2024 | 2:29 pm

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