Spotify
The Latest
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Spotify Scales Back Marketing, Posts Record Profits Amid User Growth Challenges
Spotify Technology (SPOT) saw its gross profit exceed €1 billion for the first time, despite a decline in marketing investment that impacted user growth rates. As the Swedish-based streaming giant continues to navigate its expansive audio empire, encompassing music, podcasts, and audiobooks, this quarter's financials offer a mixed picture of profitability paired with slowed growth in monthly active users (MAUs). Spotify Technology (SPOT) saw its gross profit exceed €1 billion for the first time, despite a decline in marketing investment that impacted user growth rates. As the Swedish-based streaming giant continues to navigate its expansive audio empire, encompassing music, podcasts, and audiobooks, this quarter's financials offer a mixed picture of profitability paired with slowed growth in monthly active users (MAUs). -
Spotify Trims Workforce by 17%, CEO Ek Cites Need for Efficiency Amid Economic Shifts
Spotify, the renowned music streaming service, announced a significant reduction of its workforce. CEO Daniel Ek informed staff that approximately 17% of the company's employees, equating to roughly 1,500 jobs, will be let go. Spotify, the renowned music streaming service, announced a significant reduction of its workforce. CEO Daniel Ek informed staff that approximately 17% of the company's employees, equating to roughly 1,500 jobs, will be let go. -
BLACKPINK's Rose, Spotify Head Jeremy Erlich Dating Rumors: Fans React To The Two's Alleged Brewing Romance
Many believe BLANKPINK's Rose and Spotify's boss Jeremy Erlich are dating after often seeing them together. Many believe BLANKPINK's Rose and Spotify's boss Jeremy Erlich are dating after often seeing them together. -
BTS Jimin Accused Of Buying Instagram Followers
A netizen noticed the growing number of followers Jimin has on Instagram. A netizen noticed the growing number of followers Jimin has on Instagram. -
Spotify Safety Advisory Council Announced To Ensure Balance Of Content
Spotify, like all of Big Tech, is struggling to balance freedom of expression and effective content moderation. Spotify, like all of Big Tech, is struggling to balance freedom of expression and effective content moderation. -
BTS V Breaks Another Spotify Record: Will He Soon Drop His Solo Mixtape?
BTS V now has more than 7 million followers on Spotify. BTS V now has more than 7 million followers on Spotify. -
Prince Harry, Meghan Markle's Alleged Lack Of Progress Can Lead To Major Deal Decline
Prince Harry and Meghan Markle are said to have to take advantage of their golden period. Prince Harry and Meghan Markle are said to have to take advantage of their golden period. -
Meghan Markle, Prince Harry Are 'All Talk And No Action' As Netflix Grow Weary
Prince Harry and Meghan Markle have yet to deliver any content for Netflix. Prince Harry and Meghan Markle have yet to deliver any content for Netflix. -
Spotify CEO Castigates Rogan Over Racial Slurs, But Said He Will Not 'Silence' Him
Rogan issued an apology, calling his remarks "regrettable and shameful." Rogan issued an apology, calling his remarks "regrettable and shameful." -
Meghan Markle Heartbreak: Spotify Allegedly 'Regrets' Closing Deal With Sussexes
Spotify has reportedly taken matters into their own hands regarding their deal with Meghan Markle and Prince Harry due to the lack of content. Spotify has reportedly taken matters into their own hands regarding their deal with Meghan Markle and Prince Harry due to the lack of content.