Spotify on Tuesday swung to a quarterly profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its...
STOCKHOLM - Spotify on Tuesday swung to a quarterly profit aided by price hikes in its streaming services and growth in subscribers in all regions, and forecast that its number of monthly listeners would reach 601 million in this quarter.
"We are still focusing on efficiencies, but efficiencies for us doesn't mean just cost cutting, it means getting more out of each dollar," CEO Daniel Ek told Reuters It also expects premium subscribers to reach 235 million in the last three months of the year and revenue to reach 3.7 billion euros. Analysts were expecting a forecast of 232.4 million premium subscribers and revenue of 3.69 billion euros.A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested.
An "extremely bearish" technical pattern, known as a double top, has taken shape on the Magnificent 7 stocks' combined price chart, fueling fears of a selloff.Your usual host Kirsten was shredding off-road at the Rebelle Rally this week, so I'll be taking over the newsletter. In its eighth year, the Rebelle has become a proving ground of sorts for the 65 all-women teams who participate as well as stock manufacturer vehicles.
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