1/28/2024 0 Comments Moneymoney mac![]() It made a major move into podcasts, with many subscribers unimpressed with the way it mixed the two completely different services, and last month made an even bigger mess by mixing in music, podcasts, audiobooks, and video into a single feed.Īpple Music may not have an impressive subscriber base (the company long ago stopped reporting numbers), but its app is solely focused on music, with podcasts in a standalone app. Spotify’s moves of late have seemed increasingly desperate. Spotify, in contrast, has no other revenue stream, and had to quickly abandon its only hardware product. All three see their services simply as an ecosystem benefit, and a way to drive hardware sales. It’s competing with streaming music services from Apple, Google, and Amazon – none of which have to turn a profit. The company said higher personnel costs during the quarter were driven primarily by its head count expansion in 2022.īut it’s hard to see how the company will ever reach the point of returning a consistent profit. The company on Tuesday said severance-related charges associated with the layoffs added to operating expenses in the quarter. In January, Spotify laid off about 600 employees, or roughly 6% of its workforce, as part of broader cost cutting after a spending spree during the pandemic. In the case of this quarter, there was a somewhat ironic additional reason. Spotify has always insisted that this is expected – that it continues to prioritize growth and investment in new features over profitability. A handful of individual quarters aside, this is almost always the case. ![]() However, the company continues to lose money, reporting a loss of €225M ($248M) for the quarter. Ad revenue, which has become a particular growth area for Spotify as it expands its podcast business, accounted for about 11% of total revenue for the quarter-a small downtick from prior periods. Revenue from advertising grew 17% to €329 million. Subscriptions, which make up most of Spotify’s revenue, climbed 14% to €2.71 billion. The WSJ reports that it also enjoyed revenue growth. Monthly active users were up even more, a 22% rise to 515M people (including free subscribers). The good news for the streaming giant is that paid subscriptions were up 15% to 210M, ahead of analyst expectations and the company’s own guidance … Spotify paid subscriptions and active users up In use, these gains will be noticeable for sure, but do they matter? I’m still able to create 3D animations and edit multiple streams of 4K video for my YouTube channel with the greatest of ease - an extra 20 seconds of export/render time is not going to hurt most people for the sake of saving up to $700.Spotify paid subscriptions grew faster than expected in the first quarter of the year, but the company is still losing money. But I’m just going to chalk this up to being an outlier - statistically it should be faster, and it proves as much in our other benchmarks. ![]() Yes, I’m just as confused as you are about the cheaper M2 Pro outperforming the bulkier option in our Premiere Pro PugetBench test. MacBook Pro 16-inch (M2 Max 12c/38c, 96GB RAM, 4TB SSD) MacBook Pro 14-inch (M2 Pro 12c/19c, 16GB RAM, 1TB SSD) KONTEN Girokonten, Tagesgeldkonten, Festgeldkonten, Kreditkarten, Wertpapierdepots, Bausparvertrge, Darlehenskonten, Fremdwhrungskonten, PayPal-, Bargeld- und Offline-Konten. MacBook Pro 14-inch (M2 Pro 10c/16c, 16GB RAM, 512GB SSD) MoneyMoney speichert Ihre Zugangsdaten und Kontoumstze in einer verschlsselten Datenbank auf Ihrer Festplatte.
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