Spotify Reports First Annual Profit on Subscriber Surge
Spotify, a Sweden-based music streaming service, reported its first annual profit with €4.2bn (£3.5bn) in revenue—a 16% increase—due to an 11% rise in Premium subscribers to 263 million, despite price increases.
Spotify Reports First Annual Profit on Subscriber Surge
Spotify, a Sweden-based music streaming service, reported its first annual profit with €4.2bn (£3.5bn) in revenue—a 16% increase—due to an 11% rise in Premium subscribers to 263 million, despite price increases.
Progress
36% Bias Score
Spotify Reports First Annual Profit, Shares Surge 10%
Spotify announced its first annual profit of €1.14 billion, exceeding expectations for fourth-quarter revenue (€4.24 billion vs. €4.19 billion expected) while slightly missing expectations for earnings per share (€1.76 vs. €1.99 expected), driven by a record 35 million net MAU growth in Q4.
Spotify Reports First Annual Profit, Shares Surge 10%
Spotify announced its first annual profit of €1.14 billion, exceeding expectations for fourth-quarter revenue (€4.24 billion vs. €4.19 billion expected) while slightly missing expectations for earnings per share (€1.76 vs. €1.99 expected), driven by a record 35 million net MAU growth in Q4.
Progress
24% Bias Score
Deezer combats AI-generated music to fairly compensate artists
Deezer announced that 10% of its uploaded tracks are AI-generated, prompting the development of an internal detection tool to identify and remove approximately 10,000 daily AI-created tracks to better compensate artists, contrasting with Spotify's use of AI-generated "Perfect Fit Content.
Deezer combats AI-generated music to fairly compensate artists
Deezer announced that 10% of its uploaded tracks are AI-generated, prompting the development of an internal detection tool to identify and remove approximately 10,000 daily AI-created tracks to better compensate artists, contrasting with Spotify's use of AI-generated "Perfect Fit Content.
Progress
44% Bias Score
Spotify Disrupts UK Audiobook Market
Spotify's October 2023 UK audiobook launch fueled a 17% surge in UK audiobook downloads between 2022 and 2023, creating a competitive market that benefits listeners but raises concerns about author compensation.
Spotify Disrupts UK Audiobook Market
Spotify's October 2023 UK audiobook launch fueled a 17% surge in UK audiobook downloads between 2022 and 2023, creating a competitive market that benefits listeners but raises concerns about author compensation.
Progress
36% Bias Score
Spotify Funds UK Youth Music Clubs Amidst Funding Crisis
Spotify is partnering with Youth Music to fund 15 UK youth clubs for a year, addressing concerns about declining youth services and access to music education, which are impacting young people's mental health and opportunities.
Spotify Funds UK Youth Music Clubs Amidst Funding Crisis
Spotify is partnering with Youth Music to fund 15 UK youth clubs for a year, addressing concerns about declining youth services and access to music education, which are impacting young people's mental health and opportunities.
Progress
56% Bias Score
Music Industry Explodes: More Songs Than Ever Before, But Are Artists Getting Paid Fairly?
The amount of music released daily now exceeds that of an entire year in 1989, prompting discussions about artist compensation and the changing landscape of the music industry.
Music Industry Explodes: More Songs Than Ever Before, But Are Artists Getting Paid Fairly?
The amount of music released daily now exceeds that of an entire year in 1989, prompting discussions about artist compensation and the changing landscape of the music industry.
Progress
44% Bias Score
Spotify Reports First Annual Profit, Exceeding Q1 Earnings Estimates
Spotify announced its first annual profit and exceeded Q1 2024 earnings expectations (€548 million vs. €450.6 million estimated) due to increased ARPU from price hikes, cost-cutting, and record MAU growth (675 million total, 35 million net additions).
Spotify Reports First Annual Profit, Exceeding Q1 Earnings Estimates
Spotify announced its first annual profit and exceeded Q1 2024 earnings expectations (€548 million vs. €450.6 million estimated) due to increased ARPU from price hikes, cost-cutting, and record MAU growth (675 million total, 35 million net additions).
Progress
48% Bias Score
Despite Market Dip, Broadcom Poised for 2025 Gains, Says Money Manager
Money manager Nancy Tengler remains positive on Broadcom's prospects for 2025 despite a 17% stock drop on Monday following concerns from Chinese startup DeepSeek, citing a strong capital allocation plan and a large projected AI market opportunity of $60 billion to $90 billion annually by 2027.
Despite Market Dip, Broadcom Poised for 2025 Gains, Says Money Manager
Money manager Nancy Tengler remains positive on Broadcom's prospects for 2025 despite a 17% stock drop on Monday following concerns from Chinese startup DeepSeek, citing a strong capital allocation plan and a large projected AI market opportunity of $60 billion to $90 billion annually by 2027.
Progress
40% Bias Score
Drake Sues Universal Music Group Over Allegations of False Accusations and Reputational Harm
Drake is suing Universal Music Group, alleging they spread false accusations to boost Kendrick Lamar's competing song and gain leverage in upcoming contract negotiations. The suit cites a shooting near Drake's home and claims of bot-driven promotion.
Drake Sues Universal Music Group Over Allegations of False Accusations and Reputational Harm
Drake is suing Universal Music Group, alleging they spread false accusations to boost Kendrick Lamar's competing song and gain leverage in upcoming contract negotiations. The suit cites a shooting near Drake's home and claims of bot-driven promotion.
Progress
36% Bias Score
Video Podcasts Surge, Challenging Traditional Television
In 2024, YouTube reported over 400 million hours of monthly podcast viewership on TVs, surpassing major competitors and indicating a significant shift in audio consumption habits. This growth reflects a move toward video podcasts, fueled by interactive features and demographic targeting, as evidence...
Video Podcasts Surge, Challenging Traditional Television
In 2024, YouTube reported over 400 million hours of monthly podcast viewership on TVs, surpassing major competitors and indicating a significant shift in audio consumption habits. This growth reflects a move toward video podcasts, fueled by interactive features and demographic targeting, as evidence...
Progress
44% Bias Score
Drake Accuses Spotify and UMG of Unfairly Promoting Kendrick Lamar Diss Track
Drake filed petitions against Spotify and Universal Music Group (UMG), alleging they unfairly promoted Kendrick Lamar's diss track "Not Like Us," which falsely accused Drake of pedophilia and topped the Billboard charts due to alleged payola and algorithmic manipulation.
Drake Accuses Spotify and UMG of Unfairly Promoting Kendrick Lamar Diss Track
Drake filed petitions against Spotify and Universal Music Group (UMG), alleging they unfairly promoted Kendrick Lamar's diss track "Not Like Us," which falsely accused Drake of pedophilia and topped the Billboard charts due to alleged payola and algorithmic manipulation.
Progress
40% Bias Score