RUMOR MILL
Tuesday, January 31, 2023
SPOTIFY STOCK SOARS AS EARNINGS EK-CEED EXPECTATIONS
Wall Street has a green light on Big Green following Spotify's earnings report for Q4, which saw the platform reach new milestones in MAU and subscribers and beat gross-margins and profit expectations.
Spotify shares hit a five-month high on 1/31, surging 12.7% from 1/30. On 2/1 shares continued to climb, up nearly 5%, closing at $118.19. Citi flagged it as a "buy," citing the company's positive outlook for Q1 2023, during which it expects to hit 500m MAU and 2m new subs.
How's that for efficiency?
HITS LIST: TIME OF THE SEASON
The temperature's rising, it isn't surprising. (6/24a)
YOUR SIZZLING SUMMERTIME PHOTO GALLERY
Connecting the faces with the boldfaces. (6/22a)
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THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
INDIE DISTRIBUTION'S RISE TO GLORY
The discovery engine is revving higher.
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ABRAMS JOINS SWIFT AT WEMBLEYrumor mail
