|Bid||150.87 x 1200|
|Ask||151.00 x 800|
|Day's range||148.77 - 155.00|
|52-week range||69.29 - 155.00|
|Beta (5Y monthly)||1.76|
|PE ratio (TTM)||N/A|
|Earnings date||25 Jul 2023 - 31 Jul 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||154.61|
There's a lot to like about Spotify (NYSE: SPOT), but investors must be patient with the stock. Here are three ways Spotify is set up for long-term success. Spotify has seen an explosion in ad-supported listeners over the last year, which should eventually translate into paid subscribers.
Spotify (NYSE: SPOT) has been dabbling with artificial intelligence for a long time, but investors got some confirmation recently about what it will be building. In a podcast last week, Bill Simmons said ad reads could get a local element from artificial voices like his own.
Yahoo Finance entertainment reporter Allie Canal discusses the role of AI in the entertainment industry, including AI-generated voices in music tracks, AI taking the place of writers, and the possibility of lawsuits.
For entertainment giants like Spotify, Disney and Universal Music, AI comes with a lot of risks along with potential rewards.
(Reuters) -China's Tencent Music Entertainment Group topped quarterly revenue estimates on Tuesday as the Spotify-like music streaming platform benefited from growth in paying users, sending its U.S. shares 9% higher in premarket trading. In a call with analysts in the evening, the company's chief strategy officer said Tencent was working on an array of artificial intelligence (AI) products ranging from a chatbot to a music generation tool, joining the race to tap the powerful technology to spice up product offerings. The Tencent Holdings Ltd-controlled company said total revenue rose 5.4% to 7.00 billion yuan ($1.01 billion) in the first quarter, snapping five consecutive quarters of revenue declines and beating analysts' estimates of 6.86 billion yuan, according to Refinitiv data.
Microsoft (NASDAQ: MSFT) has come a long way since the days when the Windows operating system (launched in 1985) was its only blockbuster product. The company has grown to dominate other industries like gaming, cloud computing, and now, artificial intelligence (AI). Investors were particularly pleased with Microsoft's progress in AI during Q1, as it has been weaving the technology through the entire business.
Fox, Warner Bros Discovery, New York Times, Spotify and Alphabet have been highlighted in this Investment Ideas article.
Shake-ups in traditional media are hitting a fever pitch. Will legacy media fall victim to disruption?
Shares of Spotify (NYSE: SPOT) recently ran up to a 52-week high thanks to another well-received earnings report. In January, Spotify told investors to expect around 11 million new monthly active users during the first three months of 2023. Instead, the music streaming service added a whopping 26 million monthly active users.
The start of 2023 has been strong for digital audio platform Spotify (NYSE: SPOT). Exclusive podcasts, refined marketing strategies, and new platform features are driving more people around the world to sign up and engage with Spotify's audio service, which has investors bullish on its prospects at the moment. The highlight of Spotify's first quarter was clearly its user and subscriber numbers.
There were more than 15,000 incidents of people reporting issues with Spotify, according to Downdetector, which tracks outages by collating status reports from a number of sources including user-submitted errors on its platform. Many users took to Twitter to share updates about the service disruption. Earlier this month, the company had experienced a brief outage, which impacted more than 20,000 people in the United States and over 8,000 in the UK at the peak of the service disruption, according to Downdetector.
Spotify (NYSE: SPOT) reported incredible user growth in the first quarter, overcoming the pandemic that has hurt so many tech businesses. In this video, Travis Hoium discusses the good and bad of the quarter for Spotify.
Sirius XM (SIRI) announces that its new Miami studios will be launched by Howard Stern on May 1.
Shares of streaming music monarch Spotify (NYSE: SPOT) got a big lift on Tuesday, rising 5.8% through noon ET even though the company reported a big net loss for the first quarter before the market opened -- and missed earnings estimates to boot. Heading into Q1, Wall Street analysts had forecast that Spotify would lose $0.93 per share on sales of $3.4 billion. Spotify's revenues rose 14% year over year to 3 billion euros.
Magnificent Noise Co-Founder Eric Nuzum joins Yahoo Finance Live to discuss Spotify’s moves in the podcast space, the streaming giant’s heavy investments in the podcast space, and the outlook for the podcast industry.
Yahoo Finance’s Allie Canal joins the Live show to discuss quarterly key takeaways from Spotify earnings.
Analysts largely expect Spotify to announce higher subscription fees in the coming months given its recent profitability push.
Investing.com -- Stocks were falling on Tuesday on renewed worries about the banking sector after First Republic said $100 billion of deposits flowed out in the first quarter. Here are the market movers for April 25.
Yahoo Finance Live anchors Brad Smith and Julie Hyman discuss the rise in stock for Spotify following first-quarter earnings.
Spotify (SPOT) delivered earnings and revenue surprises of -22.77% and 3.82%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
STOCKHOLM (Reuters) -Spotify Technology SA has crossed the half billion mark for monthly active users for the first time, helped by the music streaming company's expansion into more markets, it said on Tuesday, sending its shares up 5%. The number of monthly active users rose to 515 million in the first quarter, beating Spotify's guidance and analysts' forecast of 500 million, according to IBES data from Refinitiv. Spotify last year laid out plans to get one billion users by 2030 and reach $100 billion in annual revenue.
Spotify reported earnings before the bell on Tuesday. Here's what to know.
NEW YORK, April 25, 2023--Spotify Technology S.A. (NYSE: SPOT) has released its financial results for the first quarter of 2023 by posting an update on its Investor website. Please visit investors.spotify.com to view the update.
Investing.com -- Stocks in focus in premarket trade on Tuesday, April 25th. Please refresh for updates.
Yahoo Finance media reporter Allie Canal joins the Live Show to discuss the decline of Spotify's share and what investors should expect in the Q1 earnings report.