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People Love Sharing Spotify Playlists: Stock Rallies As #2020Wrapped Takes Over Social Media
Wednesday, December 2, 2020 - 5:47pm | 696Read More...Streaming music company Spotify Technology SA (NYSE: SPOT) is dominating social media headlines as many users are sharing their #2020Wrapped playlist. Stock Reaction: Spotify's stock closed 12.6% higher Wednesday, with the company benefiting from a great viral marketing campaign...
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Spotify's Potential For Subscriber Growth, Margin Expansion Turns Credit Suisse Bullish
Thursday, September 10, 2020 - 10:18am | 307Read More...Spotify Technology (NYSE: SPOT) could outpace the consensus estimates for monthly average users and subscribers through 2021 and has brighter prospects for margin expansion, according to Credit Suisse. The Spotify Analyst: Brian Russo upgraded Spotify from Neutral to Outperform and...
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Spotify Expands To 13 European Markets, Including Russia
Friday, July 17, 2020 - 11:17am | 353Read More...Music streaming service Spotify Technology SA (NYSE: SPOT) announced an expansion this week to 13 European markets, including Russia and Ukraine. Spotify launched in 2008 and went public in 2018. Russia’s Massive Market: Spotify has a music catalogue including over...
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Warner Music CEO On IPO: Music Is The 'Only Global Language'
Wednesday, June 3, 2020 - 3:47pm | 478Read More...Warner Music Group Corp. priced its 77-million-share IPO at $25 per share, and the stock opened higher Wednesday at $27. As a company returning to the public markets, investors have plenty to ask about Warner, and CEO Stephen Cooper was a guest on CNBC's "Squawk on the Street"...
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Rosenblatt's 2020 Tech Predictions: Facebook Stays Intact, Spotify Partners With Video Platform, Shopify Ramps Fulfillment Revenue
Monday, December 30, 2019 - 5:13pm | 859Read More...The SPDR S TR/S&P INTERNET ETF (NYSE: XWEB) has gained about 9% year-to-date, underperforming the Nasdaq Composite Index, which has soared about 34% in the same period. Given the catching up the subsector has to do, Rosenblatt Securities is making predictions for 2020 for the Internet stocks in...
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Drake, Ariana Grande Top Spotify Artists Of The 2010s
Wednesday, December 18, 2019 - 12:51pm | 414Read More...Spotify (NYSE: SPOT), the world’s second-most popular music streaming service, has announced its most-streamed artists of the 2010s. With 2020 only days away, Spotify is giving the world a glimpse into who has captured our ears in the last decade. Spotify classifies a "stream...
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What To Know About The Apple Music Awards
Tuesday, December 3, 2019 - 1:49pm | 347Read More...Apple Inc. (NASDAQ: AAPL) announced its first ever Apple Music Awards to celebrate "the best and boldest musicians of 2019." Apple will host a live-event Wednesday which will be "unlike anything ever seen" and will be streamed live through iTunes on Wednesday 9:30 p.m. EST....
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Morgan Stanley Starts Neutral Coverage On iHeartMedia
Monday, August 26, 2019 - 1:05pm | 348Read More...iHeartMedia Inc (NASDAQ: IHRT) is expected to continue winning market share in the terrestrial radio space, according to Morgan Stanley. The Analyst Morgan Stanley analyst Benjamin Swinburne initiated coverage of iHeartMedia with an Equal-Weight rating and a $15 price target. The Thesis iHeartMedia...
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Come Together: China's Tencent Negotiating For Stake In Beatles Catalog Owner Universal Music
Tuesday, August 6, 2019 - 11:09am | 387Read More...Chinese entertainment conglomerate Tencent Holdings (OTC: TCEHY) is attempting to take a stake in Universal Music Group, the record label giant that owns the rights to artists such as The Beatles, Ariana Grande, Queen and Drake. What Happened Tencent is looking to buy a 10% stake in...
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Tencent Music's First Quarterly Print Since IPO Out-Of-Tune With Investors
Wednesday, March 20, 2019 - 12:05pm | 431Read More...Tencent Music Entertainment Group – ADR (NYSE: TME)’s first earnings report as a public company isn't exactly music to the ears of investors. What Happened While the Chinese company beat earnings per share and revenue estimates for the fourth quarter Tuesday, the company saw its U.S...
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Apple Hits Back At Spotify's Antitrust Complaint, Says Music Streamer Wants Free App Benefits While Charging Fee
Friday, March 15, 2019 - 12:07pm | 534Read More...Apple Inc. (NASDAQ: AAPL) responded to an antitrust claim from streaming music provider Spotify Technology SA (NYSE: SPOT) in a Thursday statement, saying Spotify wants to reap all the benefits its App Store ecosystem offers without paying for them. What Happened Spotify filed...
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Survey Hints At Strong Quarter For Spotify
Tuesday, February 5, 2019 - 9:50am | 682Read More...Music streaming service Spotify Technology SA (NYSE: SPOT) looks set to report solid fourth-quarter results, according to the results of a survey by Consumer Research Intelligence Partners. The Swedish company is due to release fourth-quarter results before the market open Wednesday. Q4...
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Evercore: Spotify's Risk-Reward Profile Makes Bull Thesis 'Difficult' To Justify
Tuesday, January 15, 2019 - 2:27pm | 413Read More...Heading into Spotify Technology SA (NYSE: SPOT)'s fourth-quarter earnings report Feb. 6, the streaming music company is "playing an uncertain tune" and investors are encouraged to "remain off the dance floor," according to Evercore ISI. The Analyst Evercore ISI's...
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The Street Is Watching Spotify's Outlook, Guggenheim Says In Neutral Turn
Monday, January 7, 2019 - 11:48am | 413Read More...Streaming music platform Spotify Technology SA (NYSE: SPOT) has seen its stock fall around 40 percent from highs near $200 per share and is fairly valued, according to Guggenheim. The Analyst Analyst Michael Morris downgraded Spotify from Buy to Neutral with a price target lowered...
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The Street's Reaction To Pandora's Q3 Earnings
Tuesday, November 6, 2018 - 2:55pm | 611Read More...Streaming music provider Pandora Media Inc (NYSE: P) reported Monday its third-quarter results and could impact the pending acquisition from Sirius XM Holdings Inc (NASDAQ: SIRI). Here is a summary of how some of the Street's top analysts reacted to the print. The Analysts Barrington Research...
