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Spotify Reports 1st Full-Year Profit
Spotify Reports First Full-Year Profit
Price increases and cost discipline helped the audio-streaming giant pivot from heavy spending on growth to sustained profits.
Spotify finally turned a profit for a full year
Revenue has surged following increases to Spotify’s Premium pricing, and subscriber numbers are up too.
Spotify turned a profit for the first time in 2024
Spotify reportedly posted a quarterly profit of about €367 million (about $380 million) last quarter, a massive jump from a net loss of €70 million the year before (per TheWrap). That contributed to a total annual profit of €1.14 billion (about $1.18 billion) for the year.
Nintendo cuts profit forecast
Nintendo Cuts Earnings, Switch Sales Guidance Amid Profit Slump
The Japanese videogame maker said Tuesday that net profit dropped 42% from a year earlier to 237.19 billion yen, for the nine-month period.
Nintendo cuts FY profit forecast by 22%
Japan's Nintendo cut its operating profit forecast on Tuesday by 22.2% to 280 billion yen ($1.8 billion) for the financial year ending March. In the April-December period, profit fell 46.7% to 247.6 billion yen.
Nintendo Lowers Outlook After Sales and Profit Miss Estimates
Nintendo Co. revised its full-year forecast down after profit and revenue shrank over the holiday period, with gamers increasingly looking forward to the release of its next-generation console.
UBS Shares Drop 6% Despite Strong Q4 Profits and Buyback
UBS Earnings: UBS Shares Drop 6% Despite Strong Q4 Profits and Buyback
Shares of the banking giant UBS Group AG (UBS) dropped nearly 6% in pre-market trading, despite reporting strong Q4 profits. The bank’s $3
UBS Boosts Share Buyback as Fourth Quarter Profit Beats Estimate
UBS Group AG profit for the final quarter of 2024 beat expectations, aiding the Swiss bank in boosting buyback plans for this year to $3 billion.
UBS Aims to Boost Buybacks as Net Profit Beats Expectations
The group plans to repurchase $1 billion of its stock in the first half and buy back up to an additional $2 billion in the second.
9h
High-Profit Business Ideas No One Is Talking About In 2025
Every day there are lists of the best business ideas on the internet, but they all seem to recycle the same ideas. You need ...
6h
on MSN
Can maker Ball Corp beats quarterly profit estimates on lower costs
Ball Corp , which makes aluminum beverage cans, beat Wall Street estimates for fourth-quarter profit on Tuesday as its ...
7h
on MSN
Merck Sales Increase Results in Swing to Profit
Merck swung to a fourth-quarter profit as sales grew and even exceeded Wall Street’s estimates, boosted in part by the ...
4d
UAW members at GM could get up to $14,500 in profit-sharing checks
GM saw gains in its pretax profits for North America last year that pushes profit-sharing checks for UAW workers to a record ...
7h
on MSN
Pfizer Beats Profit Estimates on Heart Disease Drug, COVID Vaccine Sales
(Reuters) -U.S. drugmaker Pfizer beat Wall Street estimates for fourth-quarter profit on Tuesday, helped by strong sales of ...
1d
Starlink profit growing rapidly as it faces a moment of promise and peril
These estimates indicate that Starlink produced a few hundred million dollars in free cash flow for SpaceX in 2024. However, ...
Transport Topics
2h
Cummins Posts Lower Q4 Profit on Weak Truck Demand
Weak global heavy-duty truck market demand plus a reorganization of the Accelera decarbonization technology unit hurt Cummins ...
14h
Unicaja's books 122 mln euro profit in Q4 vs 19 mln euro loss in 2023
Spain's Unicaja on Tuesday reported a net profit of 122 million euros ($125.57 million) in the fourth against a loss of 19 ...
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