Spotify Technology SA (SPOT.N)
15 Feb 2019
PARIS Billionaire Vincent Bollore will further withdraw from Vivendi's management at a crucial time for the French media giant, which is struggling in Italy and is weighing the sale of Universal Music Group (UMG).
* Group core operating profit up 25 pct in 2018 (Adds details, background, quotes)
SAN FRANCISCO Software pirates have hijacked technology designed by Apple Inc to distribute hacked versions of Spotify, Angry Birds, Pokemon Go, Minecraft and other popular apps on iPhones, Reuters has found. | Video
SAN FRANCISCO, Feb 13 Software pirates have hijacked technology designed by Apple Inc to distribute hacked versions of Spotify, Angry Birds, Pokemon Go, Minecraft and other popular apps on iPhones, Reuters has found.
Spotify posted its first ever quarterly operating profit on Wednesday driven by a strong gross margin and slower-than-expected headcount growth, but it warned of a loss in 2019 and issued modest forecasts which disappointed investors. | Video
* Q4 operating profit 94 mln EUR vs poll forecast loss of 16 mln
Feb 6 Spotify, the world's most popular paid music streaming service, reported an unexpected fourth-quarter operating profit on Wednesday and sales growth matching expectations, but it said it sees a loss of 200-360 million euros in 2019.
Feb 6 Spotify Technology SA on Wednesday reported a 30 percent rise in fourth-quarter revenue, as the music streaming company signed up more paid subscribers.
Dec 12 Shares of China-based music streaming company Tencent Music Entertainment rose about 11 percent in their U.S. debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry.
HONG KONG (Reuters Breakingviews) - Tencent Music Entertainment will strain to hit Spotify's high notes. China's social media and gaming titan is floating its music-streaming arm at a valuation of up to $24.5 billion. Sales are up, and the unit has a novel, profitable business model. Still, the company's huge premium to Spotify is hard to justify.