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Spotify (SPOT) Reports Acquisition of Bill Simmons' The Ringer

February 5, 2020 7:19 AM EST

Spotify Technology S.A. (NYSE: SPOT), the worlds most popular audio streaming subscription service, today announced that the company has entered into a definitive agreement to acquire The Ringer, a leading creator of sports, entertainment and pop culture content. The Ringer was founded by Bill Simmons in 2016. Terms of the transaction were not disclosed.

With this acquisition, Spotify continues to deliver against its goal to become the worlds leading audio platform. The Ringer will bring to Spotify its industry leading sports and entertainment... More

Spotify (SPOT) Reports Q4 Revenues of EUR1.855B; Provides Q1 & FY20 Revenue Outlook

February 5, 2020 6:05 AM EST

Spotify (NYSE: SPOT) reported Q4 EPS of (EUR1.14), versus EUR0.36 reported last year. Revenue for the quarter came in at EUR1.86 billion, versus EUR1.73 billion reported last year.

Dear Shareholders,

The business continued to perform well in 4Q19. For the third consecutive quarter, total MAU growth accelerated while Subscribers, Revenue, and Gross Margin all met or exceeded our expectations. We continue to see exponential growth in podcast hours... More