Pandora reported smaller than anticipated losses in Q1 2018, sending the stock up 8% in after hours trading. Total Pandora Plus and Premium subscribers grew 19 Year over year to 5.63 million, but listener hours fell almost 5% compared to the same period last year. Pandora Q1 2018 Overview Q1…
Category archives: streaming
3 Tips To Get More Followers On SoundCloud
Soundcloud is one of those rare places where fans actually hang out and search for new music. So how an artist is presented and promotes on the platform can really help or hurt a career. These three tips come from SoundCloud itself. Use the bio to get the attention of…
Full Stream Ahead: Spotify Q1 2018 [Mark Mulligan]
Wall Street may not agree, but top music industry analyst Mark Mulligan of MDiA sees strong performance in its first public quarterly report with growth in subscribers, total users, revenue and gross profit. _________________________________________ By Mark Mulligan of MIDiA and the Music Industry Blog Spotify released its first ever quarterly…
UPDATE: Spotify [NYSE:SPOT] Ends Day Down 5.66%
UPDATED: Spotify stock began trading Thursday at $151.43, 11% lower than its $170 Wednesday close, after the streamer missed revenue estimates Wall Street analysts. The stock ended trading on Thursday down 5.66% at $160.38. Spotify’s weaker earnings come amid increased competition and solid, but not inspiring, user growth. Read more…
Spotify Reports 170M Users, Stock Drops 8%
Spotify shares fell 8% in after-hours trading Wednesday, after its first quarterly earnings report.The streamer posted a user base of 170 million, including 75 million paid subscribers. That’s up 4 million paid users in 3 months and met analysts expectations. But the streamer’s guidance for current quarter revenue fell slightly…
Spotify Stock Rising Ahead Of Today’s Earnings Report
Spotify [NYSE: SPOT] climbed all day ahead of a today’s earnings report. The stock was up 4% to $170.50, as of 2:45 ET. This, the streamer’s first report since going public, was garnering positive forecasts from analysts.@hypebot will be live tweeting the earnings report starting at 5PM ET.& Read whatthe…
Sony Sells $750M Spotify Stock, Will Artists Get Fair Share?
Sony has sold half its 5.7% stake in Spotify, Sony Corp. CFO Hiroki Totoki told Wall Street yesterday. At Spotify’s average stock price, the sale netted Sony more than $750 million. But how much will trickle down to artists and the indie labels that Sony distributes? ___________________________________________ Sony Music, like…
Spotify [NYSE:SPOT] Earnings Report Today: What To Expect
Wall Street analysts are bullish, as Spotify nears its first earnings report as a public company, after the market closes today. Goldman Sachs, JPMorgan, Evercore and Morgan Stanley predict a $190 stock price. Spotify stock was trading at $169 up 2.5% in early trading Wednesday. Some hints as to what…
The Music Industry Doesn’t Need To Be Saved
In this piece Bobby Owsinski refutes the idea that technology will "save" the music business, arguing that as long as people want to hear music, there will be a business around it, and that things like blockchain tech can only be so beneficial. __________________________ Guest post by Bobby Owsinski of…
Deezer, Jazz FM Partner To Honor Iconic Record Labels
Deezer has announced a partnership with Jazz FM in honor of International Jazz Day. The streaming service has joined forces with the radio station on a new series called ‘Jazz Stories,’ which will focus on the history of five iconic jazz labels: Impulse!(Universal), Blue Note (Universal), Columbia (Sony), Atlantic (Warner),…