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Spotify forecasts third-quarter profit below estimates on higher taxes
Spotify forecast third-quarter profit below Wall Street estimates on Tuesday as higher taxes related to employee salaries outweigh upbeat demand for its premium music-streaming plans, sending its shares down 5% in premarket trading.
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Spotify Stock Dips On Q2 Miss; CEO Says Streamer “Behind” On Plan For Its Advertising Business
Giant music streamer Spotify saw nice Q2 subscriber grown but profit and revenue fell short of Wall Street forecasts. CEO Daniel Ek talked advertising.
Daniel Ek's investments in AI dronemaker Helsing have unnerved artists. One called Spotify a "violent armageddon portal." ...
Spotify CEO Daniel Ek defended the company's measured approach to price increases, saying the strategy reflects a long-term ...
Australian band King Gizzard and the Lizard Wizard will remove all 27 of its albums from Spotify in protest of CEO Daniel ...
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'We don’t want our music killing people': Artists revolt against Spotify over AI warfare ties
Several artists, including King Gizzard & the Lizard Wizard, Deerhoof, and Xiu Xiu, are pulling their music from Spotify in ...
King Gizzard isn’t the only band to recently pull its catalog from Spotify. The indie bands Deerhoof and Xiu Xiu (pronounced ...
Ek recently led a €600 million (USD $703m) series D for Helsing, a defense company focused on AI-powered military drones.
Spotify's advertising-supported revenues declined about 1% to 453 million euros from 456 million euros a year ago. The ...
King Gizzard and the Lizard Wizard remove music from Spotify as a protest against its CEO's involvment in the 'defence ...
Last month it emerged that Spotify boss Daniel Ek had put more money into - and was now Chair of - AI defence tech company ...
The audio streaming service added more listeners than it had forecast, but reported a net loss for the second quarter.
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