Spotify hits record profit as active user base grows to 615m
by Silicon Republic
Silicon Republic— The Swedish streaming giant said its gross profit surpassed €1bn for the first time in its 17-year history. : Spotify hits record profit as active user base grows to 615m
PPC Land—Snap reports Q1 2024 results: growing user base and revenue diversification. Snap released its financial results for the first quarter of 2024 on April 25, 2024. The report highlights growth in both user engagement and revenue, with the company attributing this success to a focus on community building and advertising innovation.
Mashable—Threads hits 150 million active users, adds option to archive posts. Threads has hit 150 million active monthly users, Meta CEO Mark Zuckerberg said.
CNBC—Spotify reports record quarterly profit after a year marked by deep layoffs and activist attention. Spotify beat expectations on the top and bottom lines when it reported quarterly earnings Tuesday, after a year of activist investor scrutiny and cost-cutting.