SuperHi’s Post

This guy again. Lays off a bunch of people and doesn't understand why morale and productivity suffered. Now he wants customers to fund R&D? What if I like Spotify just the way it is and am happy with paying what I'm currently paying? Why do I have to pay more now for features that I don't even know if I'd want in the future? And less than a year after they already jacked up prices significantly? Kind of sounds like SaaS CEO's trying to make us all pay for their AI moonshots when their software is already overcomplicated and overpriced as it is, doesn't it? Do you think maybe the current inflationary environment might be - at least in part - driven by a lethal cocktail of greed, hubris, and shortsightedness from tech toddler CEO's like this? Will enough *ever* be enough? https://lnkd.in/gnJ8TaDa

Findings by BusinessDay in Spotify's earnings report for the first quarter of 2024 revealed that paying subscribers boosted its operating profit to  €168 million  ($179 million) as its number of paid subscribers rose to 239 million, a gain of 3 million in the period. In this story, BusinessDay analysed other line items of the company's earnings report and outlook for the second quarter. Read more.... #financials #News #tech

Turn up the volume, Apes! 🐵 Dive into our quick breakdown of Spotify's latest quarterly numbers in this video! 🎵 Stay tuned at the end for our ratings. ✅ Also, if you want this report, don't forget to join our Discord channel: https://lnkd.in/eRSyqNQv #spotify #stockmarket #marketinsights

Spotify’s Loud & Clear report is a masterclass in cherry picked stats every year. “More Money At Every Level”? Ok, how much more at every level? To their credit, Spotify does provide this data in the deeper Payouts section of the site, but the picture it paints is far less rosy than the headline figures. Looking at 2022 vs. 2023 Payouts by Tier, broken down in the linked spreadsheet below, I am shocked, shocked to find the rich are getting richer, faster, at the expense of everyone else, despite nominal increases for the less well off: - the higher tiers are growing faster than the lower tiers - the share of the royalty pool for everyone under $2M/year has gone DOWN - capitalism (and its handmaiden, technology) are at it again Yes, my royalty pool approximations are acting as if each artist made that exact amount per tier. YES THAT MEANS IT'S PROBABLY WORSE THAN THIS. https://lnkd.in/eZbCdSNt

The Year We Tracked Everything: How Spotify Induced a 'Wrapped' Frenzy by As apps busily rip off the sort of year-end usage reports Spotify sends out, a few recaps—like those from Strava and Duolingo—can actually help you achieve your personal goals. Here, a guide. https://ift.tt/MCXlgaQ

The Year We Tracked Everything: How Spotify Induced a 'Wrapped' Frenzy by As apps busily rip off the sort of year-end usage reports Spotify sends out, a few recaps—like those from Strava and Duolingo—can actually help you achieve your personal goals. Here, a guide.

The Year We Tracked Everything: How Spotify Induced a 'Wrapped' Frenzy by As apps busily rip off the sort of year-end usage reports Spotify sends out, a few recaps—like those from Strava and Duolingo—can actually help you achieve your personal goals. Here, a guide.

The Year We Tracked Everything: How Spotify Induced a 'Wrapped' Frenzy by As apps busily rip off the sort of year-end usage reports Spotify sends out, a few recaps—like those from Strava and Duolingo—can actually help you achieve your personal goals. Here, a guide.

The second episode of The Pricing Weekly has just been released. This time the topic is Spotify's price hike for the U.S. market, and the second price hike in just under a year, the move indicates a shift in their pricing strategy. Before this year, they hadn't raised their price for premium plans in over 10 years. Spotify also has only been profitable a few quarters in the entire 18 years the platform has been in business, but this year that promises to change. First they laid off 17% of their workers, which places them on a more substantial financial footing. Now, they have starting raising prices, which may be the only way they can generate long-term profit. Why are prices the way? First, the market may be nearing saturation for subscriber growth. Also, there isn't much room to cut costs on paying musicians - Spotify is already pretty close to the bottom of the barrel. The strategy seems to be paying off. In Q1 2024, the platform turned its largest quarterly gross profit, and maintained subscription growth through H2 2023. With customer stickiness, it's not expected that the relatively small increase will not impact retention. Watch the video to hear Michael Stanisz and Avy Punwasee's take on Spotify's price hikes. #spotify #pricingstrategy #priceincrease #revenuemanagement #profitability

Another price hike is headed to Spotify Premium. Spotify announced it’s raising subscriptions for customers in the U.S. in July from $10.99 to $11.99. It’s the second such price increase in the space of a year. The Duo and Family plans will go up to $16.99 and $19.99, which are $2 and $3 increases respectively, while the student plan will remain at $5.99 per month. The price rises come as Spotify recently reported a 20% increase in revenue, a 14% increase in premium subscribers, and a record quarterly profit. But the new structure better matches it with Apple's prices for individual and family plans. Read more from Paul Sawers: https://tcrn.ch/454YGC9 #TechCrunch #technews #spotify #spotifypremium #subscriptions #applemusic