![]() Spotify also declined to issue annual guidance, “since the vast majority of our initiatives are multiyear in nature and measured as such.” CFO Paul Vogel said the subscriber slowdown was due in part to the timing of company promotions. It added eight million premium subscribers to end the quarter at 180 million, and its monthly active users hit 406 million, slightly ahead of analysts’ expectations.īut it appears that Spotify’s guidance has spooked Wall Street, given the company’s low projected subscriber growth. ![]() Spotify (ticker: SPOT) posted a loss of 21 cents per share in the fourth quarter, better than expectations for a 58-cent loss. ![]() Spotify is still posting losses - it has lost money on a per-share basis in most quarters since it went public - but the latest loss was narrower than analysts had expected. Before the earnings call, more artists, including India Arie, said they don’t want their songs on Spotify anymore. “It’s too early to know what the impact will be,” Ek said. Whether that first-quarter subscriber number will be affected by the controversy over Rogan is unclear.ĬEO Daniel Ek didn’t expect it to, but he said that these types of issues can take months to play out.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |