Tag

Corporate Earnings And Results

All articles tagged with #corporate earnings and results

business1 month ago•3 min saved

Spotify shares slide as price hikes threaten subscriber growth

Spotify forecast weaker Q2 subscriber growth and €630m in operating income, below expectations, amid concerns price rises may deter customers; it expects 6m new subscribers to 299m (vs 302m consensus). In Q1 it added 3m paying subscribers (293m) and 761m MAUs on €4.5bn revenue with €721m net income, while stressing cost discipline and signaling an investor day with AI plans.

via Financial Times|

#business #corporate-earnings-and-results #spotify-technology-sa

business3 months ago•4 min saved

Block halves its staff as AI tools reshape operations

Block Inc. will cut about 4,000 jobs—nearly half its workforce—while leaning into AI tools, a move CEO Jack Dorsey says reflects how intelligence tools transform building and running a company. The announcement sent Block shares up over 25% after hours; the company reported about $6.3 billion in Q4 revenue and a $234 million hit from bitcoin investments, illustrating the broader AI-driven shift and the crypto-risk backdrop.

via Financial Times|

#ai-and-jobs #block-inc #business