Spotify Technology SA
Spotify announces start of audiobooks for U.S. listeners
The Spotify brand on a smartphone arranged in Saint Thomas, U.S. Virgin Islands, on Saturday, Jan. 29, 2022. Gabby Jones | Bloomberg | Getty Visuals Spotify users in the U.S. will now be ready to purchase and listen to more than 300,000 distinctive audiobook titles, the enterprise declared Tuesday. The streaming company’s foray into audiobooks […]
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TikTok is upending the music industry and Spotify may be next
Benee performs at the Bonnaroo Music & Arts Festival on June 18, 2022 in Manchester, Tennessee. Josh Brasted | Wireimage | Getty Images Zoi Lerma was working at a Los Angeles bagel shop in early 2020 when she first heard the song “Supalonely” by Benee. She liked it so much that she choreographed a dance […]
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Here’s how Peloton CEO Barry McCarthy’s turnaround plan is going
A Peloton show room displays bikes and treadmills on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images Peloton investors are fleeing after the company’s discouraging fourth quarter. But CEO Barry McCarthy is trying to convince them to stick around for what he says will be a comeback story. Shares fell nearly […]
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Peloton experiences significant decline, drop in income as the business grinds through its turnaround plan
A person walks earlier a Peloton retail store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Photos Peloton on Thursday documented widening losses and slumping gross sales in its fiscal fourth quarter as the related health gear maker tries to win again traders with cost cuts and strategic shifts. Shares declined […]
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Peloton strikes a deal to sell fitness equipment and apparel on Amazon
Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic highs and its stock price plunges. In its first foray outside of its core direct-to-consumer business, Peloton starting Wednesday will be hawking a selection of its connected-fitness equipment and […]
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As most streaming stocks struggle, Spotify stands out as a subscription success story
Spotify does not deserve the same treatment as other streaming companies, according to a growing number of people on Wall Street. “I think that is the most interesting name that people have completely written off,” LightShed Partners’ Rich Greenfield said last week on CNBC’s ” Squawk Box .” Shares of the streaming company are down […]
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Stocks making the biggest moves midday: Chipotle, Microsoft, Spotify, Alphabet and more
Signage is displayed outside a Chipotle Mexican Grill Inc. restaurant in San Francisco, California, U.S., on Monday, July 20, 2020. Chipotle is scheduled to release earnings figures on July 22. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Chipotle Mexican Grill– Shares of Chipotle surged more […]
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Spotify pops on revenue beat, subscriber growth
Daniel Ek, chief executive officer and co-founder of Spotify AB, stands for a photograph after a news conference in Tokyo, Japan, on Thursday, Sept. 29, 2016. Akio Kon | Bloomberg | Getty Images Spotify shares popped more than 14% on Wednesday after the company reported second-quarter 2022 earnings that beat analyst expectations on revenue and […]
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Stocks making the biggest moves premarket: Boeing, Hilton, Spotify, Garmin and more
Check out the companies making headlines before the bell: Boeing (BA) – Boeing posted a wider-than-expected quarterly loss with revenue that fell below consensus estimates. However, Boeing reported positive operating cash flow and, unlike in prior quarters, did not see any charges related to the production of its 737 MAX jet. Boeing jumped 4.4% in […]
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Apple Music subscribers are getting access to exclusive content from artists like Carrie Underwood
As Apple seeks to bolster its subscription service to compete with Spotify, the company is adding exclusive performances from artists, who will be able to use Apple’s studios to cover classics and recreate their own hits. On Friday, the company introduced Apple Music Sessions, featuring content from singers including Carrie Underwood and Tenille Townes. Both […]
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