About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical wri ...

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Is Spotify (SPOT) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Spotify is a member of the Business Services sector. This group includes 316 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of t ...

Topline Shares of Spotify rose by about 5% on Monday, after the company announced it will once again raise the prices for its subscription plans in the U.S., following an increase in subscribers. The price hikes make Spotify's subscription service more expensive than rival Apple Music. AFP via Getty Images Key Facts Spotify shares rose to over $310 as of 10 a.m. Monday, following an earlier surge in premarket trading. The music streaming firm said it would raise the monthly prices of its ad-free, premium su ...

Spotify is raising prices for the second time in two years, upping the monthly rate for its ad-free premium plan by $1 starting in July. When the new price of $11.99 takes effect, it will be 20% higher than it was in 2022. In a blog post, the Sweden-based streaming audio company said it is making the move in order to "continue to invest in and innovate on our product features and bring users the best experience." The increase will apply to other plans. The monthly cost of Duo, the setup for two people shari ...

Daniel Ek, founder and chief executive officer of Spotify, attends the Cannes Lions 2016 on June 22, 2016 in Cannes, France. Spotify announced on Monday it is increasing the cost of its premium subscription plans in the U.S., marking the Swedish music-streaming company's second price hike in a year. U.S. Spotify users will be notified about the new change to their subscription over the next month. Shares of Spotify were up more than 5% in premarket trading Monday. For users in the U.S., an "Individual" plan ...

Spotify has announced that it's hiking subscriptions for customers in the U.S., the second such price increase in the space of a year. The music-streaming giant reports that premium pricing will increase in July from $10.99 to $11.99, representing a near-10% rise. The Duo and Family plans will go up to $16.99 and $19.99, representing a $2 and $3 increase respectively, while the student plan will remain at $5.99 per month. The increase follows a similar announcement last July, when Spotify revealed a swathe ...

Investors might want to bet on Spotify (SPOT) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this music-streaming service operator reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlat ...

Spotify has hiked the price for its premium subscription in France by an eye-watering €0.13 in response to a music-streaming levy imposed by the government at the start of the year. At €11.12 per month for an individual subscription plan, the new price is 1.2% higher than the previous amount — the same as the 1.2% levy that France imposed on music-streaming companies including Deezer, Apple, Google, and Spotify starting from January 1 this year. The 1.2% increase applies to all of Spotify's subscription pla ...

Spotify (SPOT -1.06%) has made some necessary changes over the past year but now needs to return to growth mode. In this video, Travis Hoium highlights how audiobooks and advertising play a key role in the company's long-term trajectory. *Stock prices used were end-of-day prices of May 20, 2024. The video was published on May 21, 2024. Spotify has been a hot stock, but it has a lot of work to keep the market happy. ...

Over the past month, shares of this music-streaming service operator have returned +13.2%, compared to the Zacks S&P 500 composite's +7.1% change. During this period, the Zacks Technology Services industry, which Spotify falls in, has gained 13.3%. The key question now is: What could be the stock's future direction? Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fun ...