Spotify Hits 252M Premium Subscribers, On Track For First Full Year of Profitability [Yahoo! Finance]
New York Times Company (The) (NYT)
Last new york times company (the) earnings: 2/6 07:00 am
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Source: Yahoo! Finance
Total revenue was up 19 percent to reach €4 billion, in line with the company's expectations. Operating income improved to €454 million, thanks to gross margin strength and lower personnel related and marketing costs, which is a record high for the company, and puts Spotify on the track to reach its first full year of operating income profitability. More from The Hollywood Reporter Louis Theroux on Swapping Documentaries for Spotify: "I Find the Podcast Studio More Intimidating Than a Prison" The New York Times to Launch Podcast Subscriptions on Spotify and Apple (Exclusive) Spotify Launching 'Countdown To,' Video Interview Series Focused on New Albums (Exclusive) The operating income tally was impacted by €54 million in social charge accruals, or payroll taxes associated with employee salaries and benefits, which were €39 million above forecast due to share price appreciation during the quarter. The revenue numbers were primarily driven by a 21 percent increase in premiu
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