The Spotify logo is being displayed on a smartphone with the Spotify icon visible in the background in this photo illustration on Feb. 11, 2024 in Brussels, Belgium.It’s earnings season once again, with Spotify the first music company set to report second-quarter earnings on July 23. Which is fitting — not only is the Swedish streaming giant the most valuable publicly traded music company by market capitalization at $60.4 billion, it’s also an important bellwether for much of the music business.
Music subscriptions will continue to be the driving force for Spotify, other streaming companies, record labels and music publishers. Subscriber gains mean more money flowing through to creators and rights owners, while rising prices are benefitting streaming services and could flow down to creators and rights owners, too — although analysts have mixed opinions on whether price increases have those downstream benefits or simply pad streaming companies’ bottom lines.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman raises S&P 500 year-end forecast, citing strong earnings growthThe investment bank's strategist said the S&P 500 can end 2024 at 5,600.
Source: CNBC - 🏆 12. / 72 Read more »
Rivian Automotive Stock Forecast: RIVN breaks above $16 resistance threshold ahead of earningsRivian (RIVN) stock made it back above $16.00 per share on Tuesday for the first time since February 21 — nearly five months ago when an earnings release sent Rivian stock reeling.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Q2 Earnings Season Preview - The S&P 500 Breaks Records Ahead of Bank ReportsStocks Analysis by Christine Short covering: S&P 500, Citigroup Inc, Bank of America Corp, Goldman Sachs Group Inc. Read Christine Short's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Big Banks Earnings Preview: Reports to Offer Clues on US Economy's HealthStocks Analysis by Investing.com (David Wagner) covering: Citigroup Inc, JPMorgan Chase & Co, Wells Fargo & Company. Read Investing.com (David Wagner)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Earnings Bar Lowered as Q2 Reports Begin Amid Evaporating StimulusStocks Analysis by Lance Roberts covering: S&P 500. Read Lance Roberts's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »
Jobs and beer: 3 labor reports and an earnings release are the big events next weekA trio of jobs reports will shed light on the state of the U.S. economy. Meanwhile, Constellation Brands is our lone earnings report.
Source: CNBC - 🏆 12. / 72 Read more »