Wall Street analysts are anticipating bad news from Spotify’s upcoming earnings report. Spotify will provide an earnings report on Wednesday, February 5th, and many financial professionals are doubling down on their belief that the streaming serv…
Category archives: Wall Street
AirPods, iPhone 11 Sales Propel Apple’s Quarterly Earnings to All-Time High of $91.8 Billion
During the first quarter of Apple’s fiscal year, which ended on December 28th, 2019, revenues jumped nine percent from the same period in 2018, to an all-time high of $91.8 billion. Additionally, Apple’s diluted earnings per share (EPS) came in at $4….
Baillie Gifford Becomes Spotify’s Largest Stakeholder, Beating Out Co-founder Martin Lorentzon
Scottish investment management company Baillie Gifford is officially Spotify’s largest stakeholder with an 11.82% share. In a disclosure submitted to the Securities and Exchange Commission (SEC), Baillie Gifford revealed that its total Spotify ow…
Tiktok Owner ByteDance Says ‘Absolutely Zero Truth’ to Report It Plans to Go Public
The owner of the popular video app TikTok has denied a report that it is planning to file an IPO. The report came from the Financial Times, which indicated that TikTok’s parent ByteDance would be filing an initial public offering in Hong Kong as …
Spotify Hits 113 Million Paying Subscribers Worldwide — Says They’re Crushing Apple Music and Amazon
Spotify posted better-than-expected quarterly results this morning, but will that ease doubts on Wall Street? In a bold and bullish quarterly announcement this morning, Spotify CEO Daniel Ek and his lieutenants were trumpeting some better-than-expected…
Investors, Labels Queston Spotify’s Future
Just days before Spotify’s Monday earnings report, some label execs and Wall Street analysts are questioning if the steaming giant will ever be profitable, and if not, can it survive? By Bobby Owsinski of Music 3.0 Spotify certainly looks like the big dog on the streaming block, and perhaps it…
Zacks Investment Research Drastically Downgrades Spotify from ‘Strong Buy’ to ‘Hold’
Spotify became a less-certain bet on Wall Street this morning, thanks to a pronounced downgrade by Zacks Investment Research. Shares of Spotify (NYSE: SPOT) have recovered somewhat over the past few days, though nagging profitability concerns are dragg…
Deezer Might Have an IPO In the Next 12-15 Months, CEO Says
Hans-Holger Albrecht, who is the CEO of the music streaming service Deezer, once again signaled his plans for an IPO. He says that the company will go public sometime in the next 12-18 months, with the exact time being dependent on market conditions. I…
Spotify’s Stock Has Finally Hit Bottom After Dropping 30% from Its Peak, Top Analyst Says
There’s some good news and some bad news for Spotify’s stock. The good news is that a longtime bear on Spotify (SPOT) is suddenly changing his tune. The bad news is that the stock has been plunging for months — and without a dramatic and fundamental…
Endeavor Abruptly Pulls Its Wall Street IPO at the 11th Hour
Endeavor got cold feet amidst a string of soggy IPOs. Late Thursday, Endeavor abruptly withdrew its planned IPO, which was scheduled to launch Friday morning (September 27th) on the New York Stock Exchange. The LA-based company, which is one of the la…