Tag archives: Spotify

Spotify Unveils $1 Billion Stock Repurchase Program

Will the company’s new repurchase program inspire confidence in weary investors? Spotify hasn’t done so hot lately. In its second fiscal quarterly report for 2018, the streaming music giant reported spiraling losses totaling $583 million. Then, thanks …

How I Got On Official Spotify Playlists As An Unknown Independent Musician

In this piece, independent artist Braden Lam of Halifax NS recounts how he was able to land himself on official Spotify playlists using only smart marketing, Show.co, and no money. _____________________________ By Braden Lam from CD Baby’s DIY Musician blog I am an independent songwriter from Halifax, NS and the…

Spotify [NYSE:SPOT] Announces $1 Billion Stock Buy Back

[UPDATED] Spotify Technology S.A. (NYSE:SPOT) announced that it will begin a $1 billion stock repurchase. Repurchases of up to 10,000,000 in Spotify ‘ordinary shares’ have been authorized by shareholders and the Board of Directors up to a total cost of $1 billion. After the announcement, Spotify stock rose 2.6% in…

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Can Spotify Ever Meet Stock Market Expectations?

Spotify stock his an all time low Thursday, despite a solid Q3 report. The drop came after the streamer was honest about its long term plan to put growth over profits. "Spotify is building its business at a decent rate that meets/exceeds music industry expectations, but not investor expectations," writes…

Will Streaming Music’s Growth Alter Streaming Music?

[UPDATED] It wasn’t that long ago that the music industry was experiencing its worst slump ever, with streaming seen as a dubious alternative to physical sales. Fast-forward and streaming revenue accounts for 75% of label income. But how will this growth change the medium of streaming itself? ______________________________ Guest post…

Spotify Stock Hits All Time Low After Earnings Call

Spotify stock closed at $141.70, down 5.7% on Thursday, after the streamer said that it would continue to sacrifice profit margins to generate growth. The stock downturn came despite a nearly profitable quarter and represents a 30% drop from its IPO day close. “Operating margin improvement in Q3 was largely…

Spotify: We don’t expect major labels to ‘hand us an additional pile of gross margin’

CFO Barry McCarthy speaks frankly on subject of re-negotiations with the labels
The post Spotify: We don’t expect major labels to ‘hand us an additional pile of gross margin’ appeared first on Music Business Worldwide.

Spotify just turned the first net profit in its history (but it’s not particularly happy about it)

Company wanted to hire more R&D people… but couldn’t get the staff
The post Spotify just turned the first net profit in its history (but it’s not particularly happy about it) appeared first on Music Business Worldwide.