Spotify said it is not experiencing any negative effects from blowback over podcast hosts like Joe Rogan, with the company’s first-quarter results exceeding Wall Street forecasts. The Stockho…
The Stockholm-based audio giant swung to earnings of 24 cents a share compared with a loss of 30 cents a year ago. Revenue inched up to $2.8 billion from $2.6 billion. Both top and bottom line figures came in well ahead of analysts’ forecasts.and CFO Paul Vogel both maintained the company’s podcast business has never been stronger.
“For investors, structurally, podcasting should be a better business model than music, from a gross margin perspective,” Ek said. “We feel really good about the investments we’re making and the long-term implications they will have on our business and our shareholders.”
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Joe Rogan claims Spotify controversy led to 2 million in subscriber growthJoe Rogan claimed he gained subscribers during his most recent online controversies. Rogan received criticism for using the n-word and his COVID-19 stances.
Read more »
Spotify’s subscribers rise to 182M despite Joe Rogan controversyIt also suspended services in Russia this quarter.
Read more »
Joe Rogan thinks plane passenger punched by Mike Tyson was ‘headbutting a beehive’Joe Rogan had a message for the man who Mike Tyson punched on a plane Wednesday: He had it coming.
Read more »
Joe Rogan says he gained '2 million subscribers' during cancel culture campaign to remove him from SpotifyThe podcast giant was targeted in a pressure campaign launched by aging musicians Neil Young and Joni Mitchell
Read more »
Joe Biden Frees More than 70 People Convicted of Drug CrimesPresident Joe Biden on Tuesday granted clemency to 78 people using his executive authority to deliver three pardons and 75 commutations.
Read more »
LA mayor's race: Joe Buscaino calls for penalizing city councilmembers if homelessness goals not metL.A. City Councilmember Joe Buscaino says if he's elected mayor, he would combat homelessness by bringing accountability to the city's existing programs, meaning consequences for those who refuse help and for elected officials who don't achieve results.
Read more »