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Spotify Technology has spent years proving it can build one of the largest music-streaming audiences in the world. Bank of America now thinks the company is entering a more important phase, where the business can turn that scale into higher revenue, stronger margins, and more ways to charge its ...
Find insight on Salesforce, Snowflake, Spotify and more in the latest Market Talks covering Technology, Media and Telecom.
Spotify stock surged this week after the audio entertainment company announced AI-driven personalized products and other services.
Morgan Stanley is staying bullish on Spotify (SPOT), reiterating an overweight rating and a $590 price target, implying more than 30% upside from current levels. The firm's note, titled "Investor Day Preview: Don't Stop Believing," argues that Spotify has earned significantly more credibility with ...
Spotify plans to usher the biggest music fans to the front of the dreaded line for concert tickets. The audio-streaming giant said Thursday that it will save two concert tickets for some artists’ top fans to purchase before tickets go on general sale. “No racing bots, no chasing around online for presale codes, just two tickets held just for you,” said Rene Volker, Spotify’s senior director of live music, during an investor day presentation.
Spotify has struck a deal with Universal Music Group to let subscribers create AI-generated covers and remixes of songs, marking the first time the audio-streaming giant will allow users to produce AI content using its platform. Universal Music is home to artists including Taylor Swift, Ariana Grande, Drake and Billie Eilish. The move puts Spotify in more direct competition with startups such as Udio and Suno that allow AI-powered music creation.
Peloton revenue topped expectations and the company returned to profitability, but investors remain cautious about its turnaround effort.
Planet Fitness (PLNT) and Peloton (PTON) both reported quarterly earnings results, with the former cutting its outlook while the latter posted a profit. Yahoo Finance Senior Reporter Brooke DiPalma talks more about the "K-shaped fitness economy" in the video above.
Moby summary of Peloton Interactive, Inc.'s Q3 2026 earnings call
Shares of Peloton Interactive (NASDAQ:PTON) are climbing 11% to $5.76 in premarket trading on Thursday, May 7, after the connected fitness company posted a swing to GAAP profitability and lifted its full-year outlook. The bid follows an 8-K filed at 6:59 a.m. ET and an earnings call that began at 8:30 a.m. ET. The pop ... Peloton Soars 11% on Q3 Profit Turnaround, Raised Guidance, Spotify Partnership
There are some surprises for investors: Spotify, Robinhood, and SoFi all dropped after results failed to impress.
Spotify's share price dropped 14% this week after the company reported first-quarter earnings, and the stock is now down 42% from its all-time high.
The music company behind Lady Gaga and Taylor Swift said revenue for the three months to the end of March grew 8.1% on year at constant currency to 2.90 billion.
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