Latest news with #SpotifyTechnology
Yahoo
06-08-2025
- Business
- Yahoo
Coinbase CEO Brian Armstrong Has A 7-Hour Playlist With One Song On Repeat: 'Helps Me Do Deep Focused Work'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Many investors and entrepreneurs listen to music throughout their daily routines. Coinbase Global Inc (NASDAQ:COIN) CEO Brian Armstrong sometimes listens to the same song over and over, thanks to a Spotify Technology (NYSE:SPOT) playlist. How is COIN trading now? Track it here. What Happened: Armstrong, who once slept in the Coinbase office during the early days, has helped transform the cryptocurrency trading platform company into one of the largest in the sector today. Coinbase is often looked to as a leader in the cryptocurrency sector and a soaring price for Bitcoin over the last year has put companies such as Coinbase in the spotlight again. Armstrong is among the cryptocurrency executives helping push regulations for the sector in the U.S. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — One of the secret weapons for Armstrong may be his listening habits. A leak of Spotify playlists revealed the Coinbase CEO has a playlist that contains the same song 60 times. "From the Spotify leak — I've been exposed for having a 7-hour-long playlist with only one song on it. It helps me do deep focused work, don't ask me why," Armstrong tweeted. The Coinbase CEO appears to have confirmed the playlist exists and is used for his key work. The song used in Armstrong's playlist is "Long Way Home" from music producer and DJ Gareth Emery. The song comes in at 7 minutes 25 second long, making the playlist around 7.5 hours long. Emery took to social media to show his appreciation for Armstrong. "I love this! Back when I wrote it, everyone thought 7 minutes was way too long and it needed cutting down — glad I kept it exactly as it was, and love seeing that it's still out there doing good in the world!" Emery It's Important: The Panama Playlists provides top song picks for playlists made by CEOs and politicians. Some names on the list, such as Armstrong, have confirmed the leak as true. The report has put a spotlight on Spotify's privacy settings that allow users to have their playlists made public for friends and others. Armstrong has 10 public playlists according to the report. Other jams loved by the Coinbase CEO include: "Two Suns In The Sky" by Davi "Greatest Love of All" by Whitney Houston "SOL" by Pryda "Wait For It" by the Original Broadway cast of Hamilton "Shallow" by Lady Gaga and Bradley Cooper When it comes to listening habits, there could have been more embarrassing song choices and playlist titles than the ones that belong to Armstrong. For those bullish on Bitcoin, perhaps the 7:25 'Long Way Home' can keep some rallies going in the future. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photos: Spotify via Shutterstock, Brian Armstrong, Courtesy Coinbase This article Coinbase CEO Brian Armstrong Has A 7-Hour Playlist With One Song On Repeat: 'Helps Me Do Deep Focused Work' originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-08-2025
- Business
- Yahoo
Jim Cramer Questions Spotify's Latest Numbers
Spotify Technology S.A. (NYSE:SPOT) is one of the stocks that Jim Cramer spoke about. A caller asked if the stock is a buy or hold given that the economy seems to be faltering. In response, Cramer said: 'I was so mystified by Spotify. That was a really not great number. I don't get it. I don't know what happened. I can't own the stock until I figure out what the heck happened.' Photo by Norbert Buduczki on Unsplash Spotify (NYSE:SPOT) provides audio streaming services through subscription and ad-supported models, providing access to a vast catalog of music and podcasts. Cramer suggested buying the stock during a June episode: 'My confidence in subscription model extends to Spotify. This incredible company dominates the podcast business and the music business, and of course, the new high list. It's roaring right now, but it does have periodic moments of underperformance, and that's when you gotta snap it up [buy, buy, buy].' While we acknowledge the potential of SPOT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Business Times
04-08-2025
- Business
- Business Times
Spotify to raise premium subscription price in select markets from September
[STOCKHOLM] Spotify Technology shares gained in premarket trading after the company announced it is raising premium subscription prices across many markets outside the US. The Swedish music streaming company is updating prices across South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region, according to a statement on Monday (Aug 4). Over the next month, customers will receive an email outlining the new price plan. Subscription prices vary by country, but the statement included a sample email describing a price increase of 1 euro per month to 11.99 euros (S$17.87). Spotify shares have risen about 40 per cent so far this year. Investors and record labels have been encouraging Spotify to raise prices further to capitalise on demand. The company has shown it has fiercely loyal listeners, who have spent sometimes years building music and audio libraries. Spotify listeners are the least likely to cancel among the major video or audio streaming services in the US, according to a report from research firm Antenna last year. The company raised prices in the US twice last year, up to US$11.99 a month. In the second quarter, Spotify reported that subscribers increased 12 per cent from a year earlier to 276 million, reflecting 'growth across all regions.' The company has 696 million monthly active users. The price hikes follow a disappointing earnings release last week, where the company reported it had swung to a loss due to high-than-expected expenses related to employee compensation. The platform has introduced audio books as part of its premium subscription plan and has spent this year focused on expanding its video and advertising business. Spotify executives said last week that the company is run to 'optimise for long-term, not short-term gains.' Chief Business Officer Alex Norström said Spotify would raise prices 'when it's appropriate for the business.' Speaking to analysts after the earnings report, he said Spotify essentially raises prices all the time. In the last quarter, the company increased subscription costs in France, Belgium, the Netherlands and Luxembourg. 'And I can report to you that, on churn, we did not see anything out of the ordinary for Spotify.' REUTERS
Wall Street Journal
04-08-2025
- Business
- Wall Street Journal
Spotify to Raise Subscription Prices Around the World Amid Chase for Consistent Profit
Spotify Technology SPOT 7.47%increase; green up pointing triangle said premium subscribers in markets across a number of regions would see the price of their membership increase. The audio streaming service said premium subscribers would be charged 11.99 euros ($13.89) a month starting in September, increasing from the prior monthly charge of 10.99 euros a month. The change would affect subscribers across South Asia, the Middle East, Africa, Europe, Latin America and the Asia-Pacific region.
Yahoo
03-08-2025
- Business
- Yahoo
This Super Streaming Stock Plunged 18% in July. Is It a Buy, Sell, or Hold for the Rest of 2025?
Key Points Spotify stock has soared by 80% over the past year, and it was trading at fresh record highs as recently as June. However, the stock declined by 18% in July after the company reported a disappointing set of revenue and earnings results for the second quarter. Spotify stock is still quite expensive, but there might be an opportunity here for investors who are looking beyond 2025. 10 stocks we like better than Spotify Technology › According to Luminate, a research company for the entertainment industry, 65% of all global audio music streams happen on Spotify (NYSE: SPOT), making it the largest platform of its kind. Its dominance has proven very rewarding for investors, who have enjoyed a gain of 80% in its stock price over the last year alone. But Spotify stock sank by 18% during July, as the company's operating results for the second quarter of 2025 (which ended on June 30) fell short of expectations in a couple of key areas. Should investors buy the dip, or is it safer to sit on the sidelines for now? Spotify is a leader when it comes to innovation The majority of music streaming services offer almost identical content catalogs, so they can only compete with one another by charging lower prices, developing better features, or by investing in other content formats. Spotify is heavily focused on the latter two differentiators. On the technology side, Spotify is betting big on artificial intelligence (AI). In 2023, it introduced a feature called AI DJ, which learns what type of music each listener enjoys, and then plays them similar content while delivering commentary through a software-generated voiceover. In May of this year, the company enhanced the feature by adding voice requests, so users can steer the DJ in a different direction when their mood or their environment changes. AI Playlist is another unique tool Spotify developed. Users can type in a simple prompt and this feature will produce a complete playlist of tracks to match. A prompt can be anything, whether it be a particular feeling, a users' favorite color, or a specific instruction. Naturally, more detail will yield better results. On the content side, Spotify is one of the world's largest platforms for audio podcasts. It also made a huge push last year to encourage creators to make video podcasts because they drive more engagement, and they have answered the call by uploading more than 430,000 so far. Spotify says video consumption is growing 20 times faster than audio consumption this year, and the number of users who have streamed a video podcast is up 65% to 350 million compared to this time in 2024. Spotify's revenue and operating profit fell short of expectations in Q2 Spotify had 276 million paying subscribers at the end of the second quarter, in addition to 433 million free users, which it monetizes through advertising. The premium subscriber base grew faster than the free user base, which was good news because these customers accounted for 89% of the company's revenue. On that note, Spotify's total revenue came in at $4.8 billion for the quarter, which was up 10% compared to the year-ago period, but it was below management's forecast of $4.9 billion. Part of the shortfall was attributable to the company's advertising revenue, which shrank by 1% year over year. CEO Daniel Ek said Spotify was moving too slowly on the execution front, so it's taking longer than expected to see improvements from some of the innovations in its ads business. However, he said there are some positive signs that could set the stage for a strong 2026. Spotify's weaker-than-expected revenue had implications for its profitability during the quarter. It generated $464 million in operating income, which was well below management's guidance of $615 million -- however, it still represented a whopping 53% growth compared to the year-ago period, so the result wasn't a total disappointment. Is Spotify stock a buy, sell, or hold from here? Spotify is a great business with a stellar track record of success, so one weak quarter is unlikely to change the company's positive long-term trajectory. However, it's clearly affecting the price investors are willing to pay for its stock, given the 18% decline in July. Spotify stock is still trading at an elevated price-to-sales (P/S) ratio of 7.2, a whopping 75% premium to its long-term average of 4.1 dating back to its initial public offering (IPO) in 2018. Therefore, despite last month's decline, it might still be overvalued: As a result, investors looking for short-term gains should probably sit this one out. But those willing to hold onto the stock for the long term could do well if they buy the recent dip, because according to a forecast issued by Daniel Ek in 2022, Spotify could reach $100 billion in annual revenue by 2032. That would be a fivefold increase from where Wall Street expects Spotify's 2025 revenue to come in (according to Yahoo! Finance), which leaves plenty of room for upside in its stock over the next seven years or so. Do the experts think Spotify Technology is a buy right now? The Motley Fool's expert analyst team, drawing on years of investing experience and deep analysis of thousands of stocks, leverages our proprietary Moneyball AI investing database to uncover top opportunities. They've just revealed their to buy now — did Spotify Technology make the list? When our Stock Advisor analyst team has a stock recommendation, it can pay to listen. After all, Stock Advisor's total average return is up 1,019% vs. just 178% for the S&P — that is beating the market by 841.12%!* Imagine if you were a Stock Advisor member when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* The 10 stocks that made the cut could produce monster returns in the coming years. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Spotify Technology. The Motley Fool has a disclosure policy. This Super Streaming Stock Plunged 18% in July. Is It a Buy, Sell, or Hold for the Rest of 2025? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
