Spotify Stock Rises As Streaming Music Rival Exits Business

Sep 24, 2024 · Spotify stock rose Tuesday after social media firm TikTok announced that it is ending its rival subscription streaming music service.

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Spotify Stock Price Jumps As The Music Streamer Achieves Its First …

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3 days ago · Shares of music streamer Spotify (NYSE: SPOT) were up almost 9% in premarket trading Tuesday after it reported its first profitable year.

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Spotify (NYSE:SPOT) Stock Hits Record High As TikTok Shuts

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Sep 25, 2024 · Shares of audio streaming giant Spotify Technology (SPOT) are up 2% and trading at an all-time high on news that Chinese social media platform TikTok is shutting down …

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Spotify Stock Soars After Earnings, First Full-Year Profit. Adds ...

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Spotify stock rises after the audio-streaming company reports earnings of $1.76 a share on revenue of $4.38 billion.

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Spotify Stock Jumps After Reporting Its First Full Year Of ...

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3 days ago · Spotify's stock surged in early trading as a result, rising around 10%. Over the past year, the company's shares have surged to all-time highs, up roughly 170%.

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Spotify Stock Finishes At A Record High After A 10-Day Rally

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Sep 20, 2024 · The streaming music company's shares ended the day up 1.3% at $364.85, surpassing by less than half a dollar their previous high close of $364.59. The stock is up more …

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Spotify Shares Pop 13% After Company Reports First Profitable Year

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3 days ago · Spotify shares climbed 13% after the music streaming company recorded its first full year of profitability. The company said it paid a record $10 billion in royalties to the music …

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Spotify (SPOT) Rises As Market Takes A Dip: Key Facts

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Oct 1, 2024 · Shares of the music-streaming service operator witnessed a gain of 7.48% over the previous month, beating the performance of the Business Services sector with its gain of 1.6% …

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Spotify Executives Cash In As Streaming Service Stock Price Soars

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Dec 22, 2024 · Senior Spotify executives and board members have sold $1.25bn worth of the company’s stock in 2024 — including $900mn in payouts for its two co-founders — as they …

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Spotify Stock Cracks A Record $600 Per Share Following Strong Q4 …

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Why stop at $500? Spotify stock (NYSE: SPOT) has surged past a record $600 per share, for an over $121 billion market cap, following the streaming platform’s fourth-quarter earnings release ...

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Spotify's $109B Market Cap: How It Compares To Other Music …

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3 days ago · Here's how Spotify's $109B market capitalization compares to other music and entertainment companies, including Universal, Warner and Sony Music.

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FAQs about Spotify Stock Rises As Streaming Music Rival Exits Business Coupon?

Why is Spotify stock trading at all-time highs?

Spotify stock is trading at all-time highs just 2 years after a record low. Here's how it got there. At the end of 2022, Spotify (SPOT) stock was trading below $80 a share after a disastrous year for investors that erased over $35 billion from the company's market cap. Today, shares are trading at just under $500. ...

How did Spotify (spot) get to its full-year profitability?

Here's how it got there. At the end of 2022, Spotify (SPOT) stock was trading below $80 a share after a disastrous year for investors that erased over $35 billion from the company's market cap. Today, shares are trading at just under $500. The audio giant is on track to hit full-year profitability for the first time ever. ...

Why is Spotify stock trading below $80 a share?

At the end of 2022, Spotify (SPOT) stock was trading below $80 a share after a disastrous year for investors that erased over $35 billion from the company's market cap. Today, shares are trading at just under $500. The audio giant is on track to hit full-year profitability for the first time ever. And its market cap? ...

Why is Spotify stock higher Wednesday?

Spotify stock is notably higher Wednesday after the audio streaming company gave an upbeat fourth-quarter outlook. Here's what you need to know. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. ...

Is Spotify overvalued?

Spotify is the biggest music streaming company for monthly paid subscribers, beating Apple Music, YouTube Music, and everyone else. The company keeps growing and increasing its margins, but its overblown valuation is still a worry and could pose a problem going forward. ...

Does Spotify have a market cap?

Universal Music Group and Warner Music Group, the largest and third-largest major music groups, have a combined market cap less than two-thirds of Spotify's. The Spotify company logo is displayed as traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on Feb. 1, 2023 in New York City. ...