Spotify(SPOT)
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Spotify tests a video feature for audiobooks as it ramps up video expansion
TechCrunch· 2024-11-21 15:00
Spotify is enhancing the audiobook experience for premium users through three new experiments: video clips, author pages, and the ability to add visuals that appear while users listen. These initiatives are part of Spotify’s effort to improve its audiobook offering and bring listeners closer to their favorite authors and stories.One notable feature being introduced is the option for authors or publishers to submit a short video—up to 30 seconds long—for their audiobooks. The videos may feature anything from ...
Spotify Stock Has Soared 142% In 2024. Is It Too Late to Buy?
The Motley Fool· 2024-11-19 10:17
Spotify stock just set a fresh record high, and it's starting to look a little pricey.Spotify (SPOT -0.86%) is the world's largest music streaming platform. Its stock has been on a tear this year with a 142% gain so far, which crushes the 23% return in the S&P 500 (^GSPC 0.39%).Record subscriber numbers, strong revenue growth, and surging profits have been contributing factors to the incredible move in Spotify stock. The company's long-term forecast suggests it still has significant room for growth, which c ...
Why Is Spotify Stock Soaring, and Is It Still a Buy?
The Motley Fool· 2024-11-16 14:45
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Spotify Stock Surge: Why Investors Are Buying Despite High Prices
MarketBeat· 2024-11-15 12:15
Most investors would be wary of attempting to buy a stock near its highs, and much less after a recent run to the upside, thinking that they can get the proverbial rug pulled from under them. However, sometimes the fundamental picture provides enough evidence and justification to let investors buy into a rally without worrying about a top and turn. This could be the case for shares of Spotify Technology NYSE: SPOT, as the stock is up over 8% in a single day after the company reported its latest quarterly ea ...
Time to Buy the Post-Earnings Rally in Spotify (SPOT) Stock?
ZACKS· 2024-11-14 23:25
Able to appease investor sentiment toward its compelling growth narrative, Spotify Technology (SPOT) shares have rallied more than +15% since reporting Q3 results on Tuesday. Despite missing lofty earnings expectations, there was a lot to like about the music streaming company's Q3 report. That said, let's see if investors should chase the rally with SPOT hitting new 52-week highs of $489 a share today. Image Source: Zacks Investment Research Spotify's Favorable Q3 Results Moving toward a full year of proba ...
Spotify takes aim at YouTube with a new revenue-sharing program for creators
Business Insider· 2024-11-13 22:17
Spotify is going after YouTube's video podcast dominance with a new revenue program for creators.It will soon share revenue with creators based on how much their videos are viewed.The company will also no longer insert ads into video podcasts shown to paid subscribers. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a pe ...
Spotify will start paying video podcast hosts based on how well their videos perform
TechCrunch· 2024-11-13 21:11
Spotify announced on Wednesday that it will start paying podcast hosts who make popular videos on its streaming platform, as the company looks to take on YouTube’s dominance in the video podcast space. Although creators can already monetize their podcasts on the platform, they are now being incentivized to publish a video component alongside their podcasts.By paying podcast hosts based on how much engagement their shows receive, Spotify is borrowing a page out of YouTube’s book. The Google-owned platform pa ...
Spotify CEO: Upping User Engagement and Expanding AI Use Paid Off
PYMNTS.com· 2024-11-13 19:06
For Spotify founder and CEO Daniel Ek, the company’s third-quarter results reflect the momentum it’s built over the past year and the realization of long-term strategic goals.“Back at our 2022 Investor Day, we set clear goals for Spotify’s growth and this quarter marks a key point where we successfully achieved and even surpassed those targets, doing so slightly ahead of schedule,” Ek said Tuesday (Nov. 12) during the firm’s third-quarter earnings call. “This demonstrates what we’ve been saying over the pas ...
Spotify teases a ‘super premium' tier for superfans and upcoming video expansion in Q3 earnings call
TechCrunch· 2024-11-13 18:12
Spotify CEO Daniel Ek has once again teased the company’s long-delayed HiFi or “super premium” tier, a higher-qualify subscription offering the streaming service first announced in 2021 and then failed to roll out. In the company’s third-quarter earnings call with investors on Wednesday, the exec suggested that such a product was still on the way, while touting the company’s near-term advances in other areas, including a coming expansion of its video offerings and other products enhanced by AI. The streame ...
Spotify: This Rally Will Crumble
Seeking Alpha· 2024-11-13 16:42
Earnings season continues to roll on in full force, delivering mostly generous upside to stocks that are beating expectations, despite fears that the Trump trade may be overblown. Amid With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quot ...