Spotify Technology Stock News

Video podcasts blew up in 2024, making up a bigger share of Spotify's top podcasts this year compared with 2023, according to data provided to Forbes by Spotify, while YouTube has also grown to become one of the dominant listening services for podcast fans this year as they look to better connect with their favorite hosts.

Senior executives and board members at Spotify Technology SA (NYSE:SPOT) have sold $1.25 billion worth of stock in 2024, capitalising on a sharp rise in the company's share price, according to the Financial Times and other outlets. Among the largest sellers were co-founders Daniel Ek and Martin Lorentzon, who collectively cashed out $900 million.

Spotify stock price has had a great year as it jumped by over 140% in 2024, bringing its market cap to over $92 billion. SPOT, a leading streaming company, has soared by 563% from its lowest point in 2023.

Im Streit um Transparenzregeln bei Spotify LU1778762911 hat die Streaming-Plattform zunächst einen Erfolg vor Gericht erzielt.

I recommend a "Strong Buy" for Spotify as I highlight robust growth, pricing power, and profitability improvements. Spotify's Q3 results were stellar, with gross margins at 31.1%, revenue up 19% YoY, and free cash flow soaring 230% to $711 million. The platform's scalable, low-cost model, AI-driven personalization, and new subscription tiers ensure sustained growth and high margins without sign...

Spotify Technology (SPOT 0.67%) has been one of the best-performing technology stocks in the world since going public in 2018. The journey has been bumpy, though.

How business used to be done has changed, and the share of transactions, marketing, and sales done in the new digitized economy is growing. Gone are the days of door-to-door salesmanship, unless it is to sell a power-washing or solar panel service, which has several limitations as far as efficiency and scalability are concerned.

Spotify has pulled the plug on Car Thing, its hardware product that allowed users to control the company's streaming service through car speakers when connected to a phone by using both voice recognition and preset buttons. “Car Thing is discontinued and no longer operational,” the company said in a notice on the Car Thing website.