|Bid||147.29 x 800|
|Ask||150.19 x 1000|
|Day's range||146.71 - 148.82|
|52-week range||103.29 - 161.38|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||4 Feb 2020 - 10 Feb 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||168.37|
It's music to the ears of investors... Spotify shares jumped Monday (October 28) after the streaming service posted a surprise profit. Third-quarter net income soared to about 267 million dollars - almost six times higher than last year. Analysts had predicted a loss. The Swedish firm said it was adding roughly twice as many listeners per month as rival Apple Music. It gained 26 million premium subscribers over the past year, for a total of 113 million. Now more than a decade old, Spotify is by far the world's most popular music streaming service. It has overcome opposition from large labels and major artists to reshape how people listen to music. The Q3 numbers will ease investor concern that growth could slow as competition from the likes of Apple and Amazon ramps up. U.S.-listed shares in Spotify posted double-digit gains following the news.
The Chinese company behind the popular video app TikTok is set to go head-to-head with the likes of Spotify and Apple in the music streaming market with the launch of its own rival service. ByteDance is in talks with the world’s largest record companies — Universal Music, Sony Music and Warner Music — for global licensing deals to include their songs on its new music subscription service, according to people familiar with the matter. The move would see ByteDance, valued by Japanese investment group SoftBank at $75bn last year, battle directly with industry leaders Spotify, Tencent and Apple in the market for paid music.
Three times in the past month colleagues have spotted and derided my lovely gunmetal-grey iPod Classic and expressed shock that I could be in possession of something that is, like, you know, five years old.
Facebook (FB) shares have jumped 11% in the past month and the social company recently topped quarterly estimates amid ongoing political scrutiny. The question is should investors buy Facebook stock right now?
Apple (AAPL) stock jumped to yet another new high Friday and the iPhone giant is coming off an impressive fourth quarter of fiscal 2019. So is it time to buy Apple as it rolls out its streaming TV service and expands its non-iPhone business?
Zacks.com featured highlights include: Columbia Sportswear, Boot Barn, Vertex Pharmaceuticals, Upland Software and Spotify Technology
Wall Street closed sharply higher on Monday buoyed by better-than-expected earnings results, possibility of an interim trade deal and positive development on Brexit.
Spotify reported around 248 million total MAUs during the third quarter. Now, the company has more subscribers than Apple (AAPL) Music.
The S&P 500 rose to a record high after President Donald Trump touted progress for a near-term partial trade agreement with China. Stronger-than-expected earnings results also helped boost risk assets.
Spotify (SPOT) released its Q3 results earlier today, reporting revenue of $1.92 billion and adjusted EPS of $0.40. SPOT is up about 14.5% so far today.
Pre-markets appear ready to open in new record territory, with news of a potential Tiffany sale and a bevy of new earnings reports.
Spotify (SPOT) delivered earnings and revenue surprises of 202.50% and 2.80%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Apple stock has surged over 12% in the last month and hit a new high on Friday. The question is should investors consider buying AAPL stock before earnings on Wednesday, October 30?