Spotify released quarterly earnings last night. In the investor call, the Q&A session began as many observers probably guessed it would: “Our first question today is going to come from Rich Greenfield on Joe Rogan.” CEO Daniel Ek treated it as a non-emergency, with careful answers. Meanwhile, podcasting contributed to higher gross margins. Continue Reading
In yesterday’s initial coverage of Spotify’s Q3 earnings report, we noted that the word “podcast” was used 17 times in the company’s official release, while the word “music” was used 10 times. In the hour-long earnings call, the emphasis was even more on podcasting, which was mentioned 48 times, while “music” was spoken a mere eight times. Hence the emphasis on podcasting as a business priority in the global leading streaming audio platform. Click a lot of info and quotes. Continue Reading
After Spotify’s Q3 earnings call this week, SPOT stock demonstrated investor unhappiness with some aspects of the financial performance, along with a wider midweek market downturn. This post digs into the call details to uncover several key points related to content metrics, audience size, and podcast strategy. Click through for some interesting metrics. Continue Reading
As if often the case, much of the interesting content during Spotify’s Q2 earnings call this week transpired during the investor Q&A. There, CEO Daniel Ek and Head of Investor Relations Paul Vogel spoke of the company’s global ambitions, how podcasting is shaking out for Spotify, and a mention of audiobooks. Click through for quotes. Continue Reading
Round numbers might be arbitrary, but that doesn’t stop this from being a milestone day for Spotify: Spotify now has 100-million subscribers. Combined with the free-listening ad-supported part of Spotify, total monthly active users (MAUs) sits at 217-million. Continue Reading
Brief news items and worthy reads from around the web: Music Biz Slams Citi Report on Industry & Artist Revenue as ‘Inconsistent,’ ‘Inaccurate.’ The future is ear: Why “hearables” are finally tech’s next big thing. Spotify’s $30 billion playlist for global domination. Cook says Apple not in music streaming for the money. Your Favourite BBC Podcasts, Now on Spotify in the UK. Continue Reading
At today’s Spotify Event, held in the company’s New York office, CEO Daniel Ek and other senior leaders announced and demonstrated new features that will roll out in updated apps starting today. There are three main parts of Spotify’s announcement. “Life with Spotify will never be the same,” CEO Daiel Ek said. Continue Reading
Brief news items and worthy reads from around the web: Mixcloud’s anniversary data; Daniel Ek on misunderstood streaming; how China’s telecoms rule music. Continue Reading
Spotify released its 2013 financials, with a basic P&L that tells a vigorous growth story, higher revenue, and lower loss compared to the previous year. At the same time, most of the gross revenue was paid into the music industry as licensing expenses. Continue Reading
When a global consumer service loses the most popular product in its catalog, it’s pretty bad news on the face of it. The seriousness of Taylor Swift’s much-publicized withdrawal from Spotify is perhaps reflected in the gravity and scope of founder Daniel Ek’s blog response yesterday. But crowd opinion, and thousands of news articles, might add up to good publicity. Spotify itself is uniquely asking Taylor Swift to return, with a “Come back, Taylor!” playlist. Continue Reading
The decision by Taylor Swift and her label, Big Machine, to remove her entire back catalog from Spotify sparked a wave of debates and arguments about the pros and cons of the streaming music economy. Swift herself said in an interview with Yahoo that the reason for her action was her skepticism about streaming platforms. Spotify CEO Daniel Ek wrote a lengthy blog post in an effort to clear up misunderstandings about the streaming ecosystem that have sparked many of the most vocal diabtribes. Continue Reading
In a video (click through to watch) of an interview at the Brainstorm Tech conference hosted by Fortune, Spotify CEO Daniel Ek covered a lot of ground, In particular, he downplayed the possibility of Spotify spinning out a much-rumored IPO, with an offhand criticism of life as a public company. Continue Reading