Commodity Channel Index
|Bid||152.00 x 1200|
|Ask||157.00 x 800|
|Day's Range||150.62 - 157.13|
|52 Week Range||69.29 - 157.13|
|Beta (5Y Monthly)||1.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 25, 2023 - Jul 31, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||155.04|
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Spotify has invested heavily in podcasts in the past four years. Now, it's slashing costs as it aims to boost its margins.
The streaming company plans to focus on partnerships with top podcasters including Joe Rogan and Emma Chamberlain.
Spotify is cutting about 200 people, or 2% of its workforce, as the streaming company reworks its podcast unit. Sahar Elhabashi, vice president, Head of Podcast Business, said in a memo that impacted employees would receive severance packages including extended health care coverage and immediate access to outplacement support. In January Spotify announced that it was cutting 6% of its global workforce, or about 600 jobs.
Spotify is laying off 200 employees in its podcast division. The downsizing, announced on Monday (June 5), affects roughly 2% of the streaming service’s in-person workforce.
Spotify will cut 200 jobs from its podcast business in its second round of redundancies this year, as the streaming giant continues to reel from its expensive bets on celebrity presenters such as the Duke and Duchess of Sussex.
These product leaders will create more value for consumers as they harness the power of artificial intelligence.
Spotify Technology SA said on Monday it would cut 200 jobs from its podcast unit in its second round of layoffs, as the company restructures the business after years of heavy investment. The move affects about 2% of the music-streaming giant's workforce and aligns Spotify with the likes of Meta Platforms and Roku, which have also cut jobs for the second time in response to an uncertain economy. Spotify had spent aggressively to build up its podcast business in recent years, hoping the higher engagement levels offered by the format will bring in more advertisers.
The move affects about 2% of the music-streaming giant's workforce and aligns Spotify with the likes of Meta Platforms and Roku, which have also cut jobs for the second time in response to an uncertain economy. Spotify had spent aggressively to build up its podcast business in recent years, hoping the higher engagement levels offered by the format will bring in more advertisers. In response, Spotify cut 6% of its workforce earlier in 2023 and announced the departure of Dawn Ostroff, who helped shape its podcast business and guided it through controversies such as the backlash around Joe Rogan's show for allegedly spreading misinformation about COVID-19.
In this article, we will take a look at the 14 biggest radio companies in the US. To see more such companies, go directly to 5 Biggest Radio Companies in the US. Back in 2019, when Duncan Stewart, Director of Research, TMT, at Deloitte predicted that radio audience from the age group 18-34 would surpass […]
Looking for the best growth stocks to buy will take much more scrutiny in the current market environment. I wrote a column on Dec. 31, 2022 about 25 tech stocks to “buy before they take off in 2023.” Almost all of them have rallied and are up substantially since they changed hands for peanuts back then. However, the situation now is very different after the rally this year, and most growth stocks do not provide compelling entry points. This does not mean that investors should shun all growth nam
There's a lot to like about Spotify (NYSE: SPOT), but investors must be patient with the stock. Here are three ways Spotify is set up for long-term success. Spotify has seen an explosion in ad-supported listeners over the last year, which should eventually translate into paid subscribers.
WSJ goes inside the largest record processing facility in America and talks with Linkin Park’s Mike Shinoda and industry experts to learn why vinyl is having a resurgence. Photo: Michael Kofsky for The Wall Street Journal
There's no doubt that music streaming subscriptions have proved popular. Globally, subscriptions for services that include Spotify, Apple Music and Amazon Music reached 616.2 million in the second...
Spotify (NYSE: SPOT) has been dabbling with artificial intelligence for a long time, but investors got some confirmation recently about what it will be building. In a podcast last week, Bill Simmons said ad reads could get a local element from artificial voices like his own.
In this article, we will take a look at the 11 best internet content stocks to buy. To see more such companies, go directly to 5 Best Internet Content Stocks to Buy. The internet content industry remains one of the biggest, fastest-growing domains that have ever-increasing growth prospects due to the sheer number of users […]
Yahoo Finance entertainment reporter Allie Canal discusses the role of AI in the entertainment industry, including AI-generated voices in music tracks, AI taking the place of writers, and the possibility of lawsuits.
For entertainment giants like Spotify, Disney and Universal Music, AI comes with a lot of risks along with potential rewards.
(Reuters) -China's Tencent Music Entertainment Group topped quarterly revenue estimates on Tuesday as the Spotify-like music streaming platform benefited from growth in paying users, sending its U.S. shares 9% higher in premarket trading. In a call with analysts in the evening, the company's chief strategy officer said Tencent was working on an array of artificial intelligence (AI) products ranging from a chatbot to a music generation tool, joining the race to tap the powerful technology to spice up product offerings. The Tencent Holdings Ltd-controlled company said total revenue rose 5.4% to 7.00 billion yuan ($1.01 billion) in the first quarter, snapping five consecutive quarters of revenue declines and beating analysts' estimates of 6.86 billion yuan, according to Refinitiv data.
Music, video and podcast firm Spotify Technology has been climbing higher in the charts, so let's check it out. In this daily bar chart of SPOT, below, I can see that prices have continued to move higher the past month. In this weekly Japanese candlestick chart of SPOT, below, I see a bullish picture.
Spotify Technology S.A. (NYSE: SPOT) has withdrawn tens of thousands of songs from artificial intelligence music start-up Boomy amid objections of fraud across streaming services. Spotify recently took down about 7% of the tracks from Boomy uploads, the equivalent of "tens of thousands" of songs, Financial Times reports. Universal Music Group (OTC: UMGNF) (OTC: UNVGY) had flagged suspicious streaming activity on Boomy tracks to all the leading streaming platforms. Spotify removed the Boomy songs
In today's digital age, it seems like there's a subscription service for just about everything. From streaming music and TV shows to getting regular deliveries of snacks and beauty products, the...
Microsoft (NASDAQ: MSFT) has come a long way since the days when the Windows operating system (launched in 1985) was its only blockbuster product. The company has grown to dominate other industries like gaming, cloud computing, and now, artificial intelligence (AI). Investors were particularly pleased with Microsoft's progress in AI during Q1, as it has been weaving the technology through the entire business.
Fox, Warner Bros Discovery, New York Times, Spotify and Alphabet have been highlighted in this Investment Ideas article.
Shake-ups in traditional media are hitting a fever pitch. Will legacy media fall victim to disruption?