Bloomberg Spotify Technology News Today

(Bloomberg) -- Spotify Technology SA shares surged the most in almost two years after the audio-streaming giant reported it swung to a profit in the first quarter, as the company boosted subscribers and added new features. Most Read from BloombergRay Dalio’s Famous Trade Is Sputtering, Investors BailingTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsApple’s China iPhone Sales Dive 19% in Worst Quarter Since 2020Zimbabwe’s ZiG Wipes Out 330...

(Bloomberg) -- Spotify Technology SA fell as much as 13% in New York trading after the audio streaming giant reported sales that came up short of analysts’ expectations and issued a forecast that was also light.Most Read from Bloomberg‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaChina Replaces Foreign Minister After Mysterious AbsenceMusk Explains Why He’s Axing Twitter Name, Iconic Bird LogoTwitter Turning Into X Is Set to Kill Billions in B...

Spotify Slides After Saying Pandemic Will Hurt User Growth Bloomberg 6 hrs ago Lucas Shaw (Bloomberg) -- Spotify Technology SA started the year with slower user growth than expected for its streaming audio service, and warned its pace throughout 2021 could slip due to uncertainty related to the pandemic and the staggered reopening of society. The owner of the world’s most popular paid audio service ended the first quarter of the year with 356 million monthly active users, ne...

Spotify to Add 85 New Markets With 1 Billion People Bloomberg 2/22/2021 Lucas Shaw (Bloomberg) -- Spotify Technology SA is introducing its audio service in 85 markets across Asia, Africa and the Caribbean in coming days, expanding the company’s potential market by some 1 billion people. The steps announced Monday will nearly double Spotify’s geographic footprint and add regions where streaming music is in its infancy. The company already operates in 93 countries or territo...

Spotify Falls Most Since November on Guidance Below Views Bloomberg 2/3/2021 Lucas Shaw (Bloomberg) -- Spotify Technology SA fell as much as 9%, the most since November, after its full-year revenue forecast for 2021 missed average analyst expectations. The world’s biggest audio streaming company expects revenue for 2021 of 9.01 billion euros ($10.83 billion) to 9.41 billion euros, it said in a statement Wednesday. Analysts expected 9.28 billion euros to 10.09 billion euros, ...