I am a Chicago-based breaking news reporter at Forbes. Prior to joining Forbes, I wrote for newspapers such as The Times of Northwest Indiana and The Washington Missourian. I also studied journalism at the University of Missouri. Follow me on Twitter @WillSkipworth or get in touch at [email protected].
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Who Is Tom Emmer? Here’s What To Know About The New GOP Speaker Nominee Endorsed By McCarthy But Criticized By Trump Allies.showed a profit of about $69 million—marking the first time Spotify posted a quarterly profit in a year and a half.The company reported 65 million euros in net income in the three months ending September 30, or 33 euro cents per share, compared to a
Spotify also reported about 3.357 billion euros in revenue last quarter, up from 3.036 billion euros last year. Analysts predicted the company would see a 25-euro cent loss per share and revenue of 3.54 billion euros, according to consensus estimates compiled by FactSet.its subscription price by $1 a month earlier this year, helping to boost revenue from its premium subscriptions by 10%, the company said.
The company also implemented cost cutting measures in marketing, personnel and related costs that lowered its operating expenses by 13%.Shares of Spotify were trading at above $169 as of 1 p.m. on Tuesday, up 9.6% since Monday. Spotify’s stock has risen nearly 110%, by $90, so far this year, though it remains well below early 2021 levels, when it topped $300.
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