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-0.000456245879650206 -0.000491368734126705 8.81583647361238E-05 8.81583647361238E-05 8.81583647361238E-05 8.81583647361238E-05 8.81583647361238E-05 8.81583647361238E-05
Stock impact report

US music subscriptions cross 100 million as digital downloads drop [Verge, The]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: Verge, The
subscriber mark in 2024, according to the Record Industry Association of America's (RIAA) latest revenue report . Overall sales were also bolstered by physical media, which is growing at a slightly faster rate than digital, thanks in large part to continually increasing vinyl sales. “Paid subscriptions, ad-supported services, digital and customized radio, social media platforms, digital fitness apps and others grew 4% to a record high $14.9 billion in revenue,” writes the RIAA. That's about half a billion dollars more than the previous year's take A lot of the growth in streaming services comes from Spotify, which recently announced it had finally turned a profit for a full year in 2024. That year, the company continued to increase prices and grew its Read more
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