Spotify touts growth over profits ahead of April 3 stock market listing

Spotify touts growth over profits ahead of April 3 stock market listing

Because the company will not issue any new shares, it did not specify a listing price.

"So you won't see us ringing any bell or throwing any parties, and despite the enormous respect I have for the New York Stock Exchange in this process, I also won't be on the floor doing any interviews", he said.

The disclosure by the world's biggest music streaming service came as it made its pitch to investors in a public webcast ahead of the initial public offering (IPO).

Mr Ek said: "Since Spotify isn't selling any stock in the listing, we're really entirely focused on the long-term performance of the business". Instead, it will allow existing stockholders to trade their shares on the public market.

European Union appeals to Trump: 'make trade, not war'
That sent senior officials at the White House, Treasury Department, State Department, Justice Department, the Office of the U.S. The Post described the 30-minute speech as a "blistering attack against major US allies and global economies".

Brazilian Activist Marielle Franco, Who Protested Police Violence, Has Been Assassinated
The day before she was murdered, Marielle complained about the violence in the city in a post on her personal Twitter. Leftist news outlets have used Franco's death to call for an end to the military intervention .

United States announces new sanctions against Russians over 2016 election interference
Among those penalized was Yevgeny Prigozhin, who is known as Russian President Vladimir Putin's "chef" and who ran the St. The Trump administration is accusing Russian Federation of a new and ongoing operation to penetrate the USA energy grid.

Spotify, in a filing to US regulators, said that it had a 42 percent share of the global market in streaming in revenue terms in 2016.

Chief Financial Officer Barry McCarthy, the former long-serving CFO of streaming video giant Netflix Inc (NFLX.O), said Spotify's strategy was to prioritize growth before short-term profitability, and that greater scale would enable profit margins to swell. Cue noted that Apple Music has hit 38 million paid subscribers - an increase of two million since the company reported last month. The company plans to release additional investor guidance on March 26, according to Variety, which attended the lengthy presentation.

The Spotify service allows for personalisation, so fans can find the music they love easily, while helping them discover new music and artists to love, based on their taste and listening patterns.

With a worldwide community of more than 159-million, Spotify offers users the choice of a free ad-supported service, or an ad-free Premium subscription service that comes in at R59.99 per month.

Related News:

  • Dolphins Acquire Daniel Kilgore From 49ers

    Dolphins Acquire Daniel Kilgore From 49ers

    Prompting that move was the 49ers' high-priced signing Wednesday of Weston Richburg to take over as their starting center. He was coming off back-to-back seasons of major hip surgery but didn't show any effects of the injuries in 2017.
    One flew over Yakutsk: plane lost 9 tons of gold worth $379m

    One flew over Yakutsk: plane lost 9 tons of gold worth $379m

    Issues began at takeoff, when the plane's door immediately fell off, showering the runway with gold, platinum, and diamonds . After the incident, the plane crew made an emergency landing in a village airport some 12 kilometers from Yakutsk.
    Here are Thursday's NCAA tournament first-round games

    Here are Thursday's NCAA tournament first-round games

    Syracuse (21-13) had to sweat out Selection Sunday and wound up as the last one to make the bracket, sent to the First Four . When the Orange tied the game up with two minutes left at home against North Carolina but couldn't hold on for a victory.
  • Ghana Unchanged In Latest FIFA Rankings

    Ghana Unchanged In Latest FIFA Rankings

    Egypt, dropping one place to 44th overall, were the only movers among the continent's five World Cup-bound representatives. Nigeria is also seventh in Africa in the March FIFA/Coca Cola World rankings.
    Iran and Azerbaijan Republic to ink eight coop. agreements

    Iran and Azerbaijan Republic to ink eight coop. agreements

    Yestrday, Zarif had said that Iran has offered China and Pakistan to participate in the Chahbahar seaport project. India is likely to seek a clarification from the Iranians over the issue.

    Axa Sells 85214 Shares of Cisco Systems, Inc. (NASDAQ:CSCO)

    Over the last five days, shares have managed 2.31% gains and now is up 28.63% since hitting its 200-day moving average of $37.23. Amalgamated Bank decreased its stake in Cit Group Inc (CIT) by 32.19% based on its latest 2017Q3 regulatory filing with the SEC.
  • Flu deaths hit new record, topping 300 in state this season

    Flu deaths hit new record, topping 300 in state this season

    Flu cases, which accounted for almost 11 percent of hospital visits last month, are now just 3 percent of patients. Only about 40 percent of Americans get flu shots every year, and recently that number has been decreasing.
    United Nations  gets $100M in new funds for Palestinian aid after USA  cuts

    United Nations gets $100M in new funds for Palestinian aid after USA cuts

    The Trump administration announced in January it was withholding $65 million of a planned $125 million funding installment. Jordan, Egypt and Sweden hosted the emergency donor conference in Rome on Thursday to try to make up for the shortfall.
    IHeartMedia Bankruptcy: 9 Things for Listeners to Know

    IHeartMedia Bankruptcy: 9 Things for Listeners to Know

    The heavy debt was a drag on those efforts, draining $1.4 billion a year in interest payments, according to Coleman. IHeart operates 849 stations across the country, including several of the most-listened to stations in Chattanooga.
  • Reports Say Cardi B Is Pregnant, Fans React To Alleged Due Date

    Reports Say Cardi B Is Pregnant, Fans React To Alleged Due Date

    If sources are correct, that would place Cardi toward the end of her second trimester at almost seven months pregnant. The rumor mill is back on, swearing that Cardi B is indeed pregnant and due earlier than we imagined.
    Manafort's Lawyer Asks Federal Judge To Throw Out Criminal Charges

    Manafort's Lawyer Asks Federal Judge To Throw Out Criminal Charges

    On tax charges he faces in Virginia alone, his likely sentence would be eight years, prosecutors said in a previous court filing. He also has experience with high-profile political cases, having represented former federal judge G.
    Nest launches $39 temperature sensor, starts shipping Hello video doorbell

    Nest launches $39 temperature sensor, starts shipping Hello video doorbell

    From connected light bulbs, to plant sensors, to smart locks , and beyond, smart home tech is growing and evolving rapidly. The Nest Temperature Sensor is available to pre-order now in the USA with a United Kingdom release yet to be confirmed.

Most liked

'Harry & Meghan: A Royal Romance' has an global cast
Australian actor Burgess Abernethy will be seen in the role of #Prince William while Laura Mitchell will be Kate Middleton. Prince Harry and Meghan Markle have been a couple officially since November 2016 and are due to marry in Spring 2018.

Ford launches hybrid, electric auto blitz
Ford said its hybrid system was created to be more efficient and less expensive than previous generations. "We've moved past hybrids being a science project".

Audi e-tron GT, Kia K900, Runge sports cars
Rupert Stadler, Audi Chairman of the Board, said: "We interpret sportiness very progressively with our fully electric e-tron GT". With this plan, Audi has increased its budget for further training by a third to a total of more than €0.5 billion by 2025".

Probe launched, bill to be filed after puppy dies on United flight
But Ceballos said they're not after money as she recalled how her dog enjoyed running around and doing flips in the park. Swindle said Irgo flew United Airlines to Denver where he spent the night.

Ryan Giggs explains Aaron Ramsey's omission from Wales squad for China Cup
He's got a small procedure, it's the ideal time in the break to get it done. Giggs said: "In the future, we will wait and see".

If Iran has nuke we'll have one too: Saudi crown prince
Saudi Crown Prince Mohammed bin Salman has said that his country will build its own nuclear capabilities if Iran develops a bomb. Rex Tillerson, the former secretary of state, appeared to support the deal.

Explosives target IDF soldiers along Gaza border fence
The following day, troops shot dead two Palestinian teenagers near the border, Gaza medical sources said. Palestinian sources reported Israeli airstrikes in the Gaza Strip and the death of two Palestinians.

$1 million Powerball Winner bought ticket in Seaford
The Rolling Cash 5 jackpot for the next drawing is $100,000 for hitting all five numbers and the odds of winning are 1-in-575,757. But, Powerball isn't the only lottery game that could turn you into an instant millionaire.

Who do you want in the Quarter Final of the Champions League?
Ever since the arrival of Jurgen Klopp in 2015, things have changed and the club is moving in a positive direction. The first legs will be played on Tuesday, April 3 and Wednesday, April 4.

Kendall Jenner addresses the gay rumours
If you follow Jenner, you have noticed that she didn't walk any recent fashion shows during these past few months of fashion week. But I don't want to say that wrong, because I'm not transgender or anything. "But I have a tough energy".

Jets to Sign CB Trumaine Johnson to Historic Contract
Bridgewater's deal with the Jets carries a maximum value of $15 million, Adam Schefter of ESPN reports . The Jets gave him every chance to take over the No. 1 job from McCown last year and he couldn't do it.

Irish PM calls for fresh Northern Ireland talks next month
He's the son of an Indian immigrant and the first openly gay politician in the post. Later, back at the White House , Varadkar will present the Shamrock Bowl to Trump.

Microplastics found in more than 90% of bottled water, study says
Unfortunately, when it comes to microplastic pollution, bottled water may not be better than tap. In the sample, an average of 10.4 microplastic particles, the width of a human hair was found.

Lions are releasing Eric Ebron
He tore his ACL in the 2016 postseason, which kept him out most of last season before returning for Seattle's final two contests. While his hands improved over the next three seasons, he was never able to provide Matthew Stafford with consistent playmaking.

Patriots' Malcolm Butler Finally Explains Super Bowl Benching
They have former Patriots cornerback Logan Ryan who played three seasons alongside Butler , and two seasons with Lewis. Butler never became the star the Patriots hoped for but the two-time Super Bowl champion can be a boon for the Titans.