Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss (Dawn Chmielewski/Reuters)

October 25, 2022

Dawn Chmielewski / Reuters:
Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss — Audio streaming service Spotify Technology SA (SPOT.N) Tuesday surpassed Wall Street’s estimates for revenue and subscriber gains …

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CEO Daniel Ek says US Spotify subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011 (Anne Steele/Wall Street Journal)

Anne Steele / Wall Street Journal:
CEO Daniel Ek says US Spotify subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011 — Audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million

October 26, 2022

Roku reports Q3 revenue up 12% YoY to $761.4M vs. $694M est., 21.9B streaming hours, and 2.3M streaming accounts added; stock drops 17%+ on weak Q4 guidance (Todd Spangler/Variety)

Todd Spangler / Variety:
Roku reports Q3 revenue up 12% YoY to $761.4M vs. $694M est., 21.9B streaming hours, and 2.3M streaming accounts added; stock drops 17%+ on weak Q4 guidance — Roku handily topped Wall Street estimates for the third quarter of 2022, as the streaming platform and media company packed …

November 2, 2022

Netflix plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing (Todd Spangler/Variety)

Todd Spangler / Variety:
Netflix plans to stop sharing projected subscriber numbers in its earnings starting in Q4 2022, instead stressing new revenue streams like ads and paid sharing — Netflix will no longer share projected subscriber targets in upcoming earnings reports — a closely tracked metric among investors …

October 18, 2022

Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to reduce costs amid slowing demand; stock drops 9%+ and is down ~50% YTD (Ian King/Bloomberg)

Ian King / Bloomberg:
Seagate misses Q1 estimates with $2.04B revenue and plans to cut around 3,000 jobs to reduce costs amid slowing demand; stock drops 9%+ and is down ~50% YTD — Seagate Technology Holdings Plc, the biggest maker of computer hard drives, said it’s cutting about 3,000 jobs in a restructuring plan aimed …

October 26, 2022

Qualcomm announces the Qualcomm S3 Gen 2 and Qualcomm S5 Gen 2 for wireless audio gear with support for spatial audio, improved ANC, lossless music, and more (Pranob Mehrotra/XDA Developers)

Pranob Mehrotra / XDA Developers:
Qualcomm announces the Qualcomm S3 Gen 2 and Qualcomm S5 Gen 2 for wireless audio gear with support for spatial audio, improved ANC, lossless music, and more — The new SoCs are optimized for Bluetooth LE Audio and unlock several premium audio experiences

November 18, 2022

Shopify reports Q3 revenue rose 22% YoY to $1.4B, above $1.34B estimates, and GMV grew 11% YoY to $46.2B; shares jump 7%+ (Nivedita Balu/Reuters)

Nivedita Balu / Reuters:
Shopify reports Q3 revenue rose 22% YoY to $1.4B, above $1.34B estimates, and GMV grew 11% YoY to $46.2B; shares jump 7%+ — Shopify Inc (SHOP.TO) beat Wall Street estimates for quarterly revenue on Thursday, as businesses stuck to the Canadian online services provider’s tools and payment options to scale up.

October 27, 2022

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