ToplineTaylor Swift’s new album, “The Tortured Poets Department,” became Spotify's most-streamed album in a single day Friday, breaking the same record previously held by Swift’s 2022 album, “Midnights.”The album was released Friday. (Photo by Ashok Kumar/TAS24/Getty Images for TAS Rights Management)Getty Images for TAS Rights Management Key Facts“The Tortured Poets Department” was released Friday and became Spotify’s most-streamed album in a single day by exceeding 200 million streams, Variety reported. “ ...

Spotify Technology S.A. (SPOT) will report first-quarter 2024 results on Apr 23, before the bell.The company’s earnings surprise history has not been impressive. Earnings lagged the Zacks Consensus Estimate in three of the four trailing quarters and surpassed once, the average negative surprise being 62.5%.Q1 ExpectationsThe Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $3.88 billion, indicating year-over-year growth of 18.9%. The growth of subscribers, monthly active user ...

In its upcoming report, Spotify (SPOT) is predicted by Wall Street analysts to post quarterly earnings of $0.66 per share, reflecting an increase of 153.2% compared to the same period last year. Revenues are forecasted to be $3.88 billion, representing a year-over-year increase of 18.9%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.B ...

In the latest trading session, Spotify (SPOT) closed at $293.58, marking a -1.51% move from the previous day. This change lagged the S&P 500's daily loss of 0.58%. On the other hand, the Dow registered a loss of 0.12%, and the technology-centric Nasdaq decreased by 1.15%.Shares of the music-streaming service operator witnessed a gain of 17.93% over the previous month, beating the performance of the Business Services sector with its loss of 4.36% and the S&P 500's loss of 1.09%.Investors will be eagerly watc ...

ToplineAhead of the release of “The Tortured Poets Department” this Friday, many of Taylor Swift’s promotional efforts have been backed by social media companies and streaming services looking to gain the attention of Swifties, as her dedicated fans decode clues to her new album.Swift's new album, "The Tortured Poets Department," releases Friday. (Photo by Ashok ... [+] Kumar/TAS24/Getty Images for TAS Rights Management)Getty Images for TAS Rights Management Key FactsApple Music changed its bio on X, former ...

Spotify (SPOT) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on April 23, 2024, might help the stock move higher if these key numbers are better than expecta ...

Things look to be turning around for this household-name company.Last year was a big one for the music industry. The global recorded music market grew 10.2% in 2023 to reach $28.6 billion, according to IFPI, which represents the recording industry. That's up from the 9% boost the industry experienced the previous year.Unsurprisingly in this digital age, the bulk of the growth came from streaming. Revenue from streaming subscriptions increased 11.2% and accounted for roughly half of total music revenue.The r ...

With about 100 million tracks available and over 600 million subscribers, helping listeners find the music they will love has become a navigational challenge for Spotify. It's the promise of personalization and meaningful recommendations that will give the vast catalog more meaning, and that is central to Spotify's mission.The streaming audio giant's suite of recommendation tools has grown over the years: Spotify Home feed, Discover Weekly, Blend, Daylist, and Made for You Mixes. And in recent years, there ...

Spotify (SPOT) ended the recent trading session at $303.57, demonstrating a +1.19% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.74%. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, added 1.68%.Prior to today's trading, shares of the music-streaming service operator had gained 16.61% over the past month. This has outpaced the Business Services sector's loss of 1.98% and the S&P 500's gain of 0.8% in that time.Investors will be ...

Spotify (SPOT) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this music-streaming service operator have returned +16.5%, compared to the Zacks S&P 500 composite's +1.8% change. During this period, the Zacks Technology Services industry, which Spotify falls in, has gained 0.3%. The key question now is: What could be the stock's futur ...