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Spotify:Quarterly Results/2023 Q2: Difference between revisions
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* Spotify continues with its cost cutting measures: cut an additional 2% of employees in June, it has let high-profile podcast deals lapse, has done some internal reorganization, and is looking to sublease floors in its New York City office. | * Spotify continues with its cost cutting measures: cut an additional 2% of employees in June, it has let high-profile podcast deals lapse, has done some internal reorganization, and is looking to sublease floors in its New York City office. | ||
* The rumoured superpremium plan could have the potential to boost revenues, however there are not additional details about when it will be release and the price of this new plan. Spotify management has refuse to confirm the new development. | * The rumoured superpremium plan could have the potential to boost revenues, however there are not additional details about when it will be release and the price of this new plan. Spotify management has refuse to confirm the new development. | ||
* Goldman Sachs reduced its streaming music growth forecast for 2023, but growth remains very positive at 12% (13% previous). Goldman's expectations for 3% per year price increases in streaming services and the popularization of premium tiers for "superfans" could mean a very positive tailwind for Spotify in coming years.<ref>https://www.investmentwiki.org/wiki/Music_Industry#2023</ref> | |||
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