News | Latest Breaking News Stories & Headlines

The company expects total monthly active users of 450 million in the third quarter.

Spotify reports 14% jump in paying subscribers

Spotify reported second-quarter revenue above analysts' estimates today, helped by a 14% jump in paying subscribers as more users listened to its podcasts, and the company forecast an upbeat current quarter.

Business • 27 Jul 22

The group represents another step in Spotify's efforts to deal with harmful content on its audio streaming service

Spotify forms council to deal with harmful content

Spotify has formed a Safety Advisory Council to provide third-party input on issues such as hate speech, disinformation, extremism and online abuse.

Business • 13 Jun 22

Apple Music, which was launched in 2015 and is the second-biggest music-streaming service after Spotify

Apple music, gaming to bring in over $8bn by 2025

Apple's revenue from gaming and music offerings is expected to jump 36% to $8.2 billion by 2025, JPMorgan said today, as the iPhone maker taps its huge user base to drive its subscription services.

Business • 13 Jun 22

Apple may face another EU competition charge in an investigation triggered by a complaint from Spotify

Apple faces extra EU competition charge in music probe

Apple faces an additional EU competition charge in the coming weeks in an investigation triggered by a complaint from Spotify, a person familiar with the matter said,

Business • 11 Apr 22

Spotify's total monthly active users rose 18% to a record 406 million, but forecast current quarter paid subscribers of 183 million, below expectations of 184 million

Spotify stock sinks on Q1 subscriber numbers

Spotify has forecast current quarter subscribers lower than Wall Street expectations, but executives sought to reassure investors that growth had not cratered even as it deals with the fallout from the controversy around The Joe Rogan Experience podcast.

Business • 03 Feb 22

Stripe is led by Irish brothers Patrick and John Collison

Stripe and Spotify team up on podcast payments

Stripe has done a deal with Spotify to make it easier for podcasters to accept payments and ensure revenue becomes recurring.

Business • 25 Jan 22

The number Spotify's active users rose by 19% from a year ago to €381m at the end of September

Spotify posts third quarter profit of €2m

Swedish music streaming service Spotify has today posted a net profit of €2m in the third quarter, just the sixth time it has turned a profit since being listed in 2018.

Business • 27 Oct 21

Spotify's paying customers grew ahead of expectations, but its total active monthly userbase did not

Spotify's quarterly loss narrows but users fall short

Swedish music streaming service Spotify has posted a narrowed quarterly loss as the number of paying subscribers grew, while reporting a disappointing overall user growth.

Business • 28 Jul 21

Apple has been accused of unfairly squeezing out music streaming rivals through its App Store

EU charges Apple with unfair competition in App Store

EU competition regulators have today charged iPhone maker Apple with setting restrictive rules on its App Store that force developers to use its own in-app payment system and prevent them from informing users of other purchasing options.

Business • 30 Apr 21

Spotify said its premium subscribers were up 21% to 158 million from a year earlier

Spotify results beat estimates as more users tune in

Spotify Technology has today beaten Wall Street estimates for first-quarter revenue and paid subscribers, as the music streaming company launched in newer markets and recorded user growth in countries such as the US and India.

Business • 28 Apr 21

Locker Room became a popular spot for sports fans to chat and hold watch parties

Spotify buys Locker Room app's maker Betty Labs

Spotify has purchased Betty Labs, the company behind sports-focused social audio app Locker Room, to accelerate its move into live audio.

Business • 30 Mar 21

Spotify's move is in step with several technology companies that plan to keep some of the new ways of working that have emerged during the pandemic

Spotify to allow employees to work from anywhere

Spotify Technology will allow its employees to work from anywhere, the Swedish music streaming company said in a blog post today, further upending the future of modern working life.

Business • 12 Feb 21

The company expects quarterly revenue of €1.99 billion to €2.19 billion

Spotify outlook weakens as Covid uncertainty persists

Music streaming service Spotify has forecast that revenue and paid subscribers will miss Wall Street estimates this quarter, due to uncertainty over how long the coronavirus crisis will last.

Business • 03 Feb 21

Developers have criticised the commission Apple charges on in-app payments, and some of the rules that they must follow to feature on the App Store

Companies team up to challenge Apple's App Store rules

A group of Apple's critics - including Spotify, Match Group and 'Fortnite' creator Epic Games - have joined a nonprofit group that plans to advocate for legal and regulatory action to challenge the iPhone maker's App Store practices.

Business • 24 Sep 20

Spotify has reported a 22% rise in revenue in the first quarter of 2020

Spotify's paid music subscribers rise to 130 million

Spotify Technology has reported a better-than-expected 31% jump in paid music subscribers to 130 million and a 22% rise in revenue in the first quarter.

Business • 29 Apr 20

Spotify is the world's leading provider of streaming music - with a market share far bigger than rivals like Apple and Amazon

Spotify's losses grow as it ramps up investments

Music streaming service Spotify has reported a bigger net loss in 2019, driven by aggressive investing, but said it had more active users and paying subscribers.

Business • 05 Feb 20

Spotify claims to have 207 million users in the world, of whom 96 million are paying subscribers

Spotify lodges EU complaint against Apple

Swedish music streaming giant Spotify has filed a complaint with the EU Commission against Apple, accusing its US rival of stifling competition in the online music market.

Business • 13 Mar 19

Spotify posted fourth-quarter operating profits of €94m compared with a forecast for a loss of €16m

Spotify posts surprise profit in Q4, sees loss in 2019

Spotify, the world's most popular paid music streaming service, reported an unexpected fourth-quarter operating profit today and sales growth matching expectations.

Business • 06 Feb 19

Digital payments have made the process of signing up easier than ever

How digital innovation has revolutionised subscriptions

Services like Netflix and Spotify have made a new generation of consumer more comfortable with the idea of paying a monthly fee for a product - while digital payments have made the process of signing up easier than ever.

Business • 24 Dec 18

Spotify today posted a first-ever profit of €43m as a result of a tax adjustment

Spotify earnings hit sour note on Wall Street

Spotify shares took a hit today after a disappointing growth outlook offset the first-ever quarterly profit posted by the streaming music sector leader.

Business • 01 Nov 18

The IPO is expected to be one of the biggest US listings by a Chinese company this year

China's Tencent Music files for Nasdaq IPO

Tencent Music Entertainment, which owns China's most popular music apps, has filed for a US IPO seeking funds to develop content and new services.

Business • 03 Oct 18

Two of Netflix's plans allow subscribers to view content on multiple screens at the same time

Does your home need more than one Netflix subscription?

With faster, more reliable broadband being rolled out across the country (albeit at a much slower pace than many would like), the way in which we use the internet and online services continues to evolve.

Your Money • 08 Aug 18

The stock ended the session at $149.01, valuing the world's largest streaming music service at $26.5 billion

Spotify shares jump in record-setting direct listing

Shares of Spotify ended up 12.9% on their first day of trade on the New York Stock Exchange, a smooth debut that could pave the way for other companies looking to go public without the aid of Wall Street underwriters.

Business • 04 Apr 18

In an unusual move, Spotify is not issuing new shares as in a traditional initial public offering

Spotify set for New York IPO on April 3

Spotify will go public on April 3 as the world's largest streaming company lists on the New York Stock Exchange.

Business • 16 Mar 18

The lawsuit said that Spotify initially tried to work with record labels but, 'in a race to be first to market, made insufficient efforts to collect the required musical composition information'

Spotify hit with new copyright suit in US

A music publisher is seeking at least $1.6 billion from Spotify for alleged copyright violations, the latest lawsuit to hit the fast-growing streaming company.

Business • 03 Jan 18