Spotify reports record quarterly profit after a year marked by deep layoffs and activist attention
by CNBC
CNBC— 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.
Spotify—Spotify Reports First Quarter 2024 Earnings — Spotify. Today, we announced our first quarter 2024 earnings. In a solid start to the year, Spotify reported Monthly Active Users grew 19% Y/Y to 615 million. Subscribers increased 14% Y/Y to 239 million. Total Revenue was up 20% Y/Y to €3.6 billion. Gross Margin reached 27.6%. Operating Income improved to €168 million. “We’ve talked about
Wayfair Investor Relations—Wayfair - Wayfair Announces First Quarter 2024 Results, Reports Fourth Consecutive Quarter of Strong Profitability. Q1 Net Revenue of $2.7 billion with 22.3 million Active Customers Wayfair Inc. ("Wayfair," "we," or "our") (NYSE: W), one of the world's largest destinations for the home, today reported financial results for its first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Total net revenue of $2.7 billion, decreased $45 million, down 1.6% year over year U.S. net revenue of $2.4 billion, decreased $24 million, down 1.0% year over year International net revenue of $338 million,...
The Center Square—Reports: 2023 was a record year for natural gas consumption. (The Center Square) – Last year was a record year for domestic natural gas consumption, and its supply wouldn’t have been possible without record U.S. production, led by Texas, according to several reports. Texas produced the equivalent of one-third of the natural gas consumed last year, with Texas producers breaking multiple records last year, The Center Square reported. In 2023, Americans consumed 89.1 billion cubic feet per day (Bcf/d) of natural gas as a...