Daniel Ek

“In hindsight, I got a little carried away and over-invested relative to the uncertainty I saw in the market,” Spotify CEO Daniel Ek said this morning as the company reported a jump in users but wider losses, a week after announcing a reorganization of top management and hundreds of layoffs.   The music streaming giant announced 489 million monthly active users in the fourth quarter of 2022 (up 20%, its largest ever quarterly bump), with 205 premium subscribers (up 14%). Both numbers beat forecasts. However, losses widened on investments in podcasting and other costs. Spotify last week laid off about 600 staffers...

Spotify CEO Daniel Ek stressed his company’s focus “on tightening our spend and becoming more efficient” in the company’s fourth quarter earnings call on Tuesday (Jan. 31) — the first such call since Spotify announced it was laying off 6% of its global workforce. In...

Spotify CEO Daniel Ek will pivot his focus towards increasing the company's margins this year, but he doesn't plan to hold back on new investments in growth areas like audiobooks, he told Axios in an interview. Why it matters: Heavy investments in technology, marketing and content helped fuel Spotify's top-line...

Spotify sent an internal memo to staff announcing plans to lay off 6% of its workforce, or about 600 employees. Spotify has a total workforce of around 9,800 people, most of whom are based in the U.S. Spotify has a total workforce of around 9,800 people, which means the cuts...

Is your company laying people off? Yes, it is that kind of time again, and whether you are giving the heave-ho to five people or 5,000, for heaven’s sake don’t do what Spotify founder and CEO Daniel Ek did this week. In a company-wide memo announcing the layoff...

Spotify CEO Daniel Ek says the “dire macro environment” of inflation and other headwinds has not slowed the company’s momentum. He delivered the comments on the company’s second-quarter earnings call. The company reported total revenue of $2.9 billion, up 23% and just ahead of Wall Street analysts’ consensus expectation. Net losses widened to $126.8 million, or 86 cents a share, which missed the Street’s consensus, though any concerns about profitability were more than offset by strong subscriber trends.

Spotify Technology S.A. (NYSE:SPOT) Q2 2022 Earnings Conference Call July 27, 2022 8:00 AM ET. Good morning. My name is Julianne and I will be your conference operator today. At this time, I would like to welcome everyone to Spotify’s Second Quarter 2022 Earnings Call and Webcast. [Operator Instructions] I would now like to turn the call over to Bryan Goldberg, Head of Investor Relations. Mr. Goldberg, you may begin.

A US judge has again rejected efforts by Spotify to stop – or at least delay – a deposition of its CEO Daniel Ek as part of an ongoing legal battle with Eminem’s music publisher Eight Mile Style. District judge Aleta Trauger last week agreed with the...

STOCKHOLM (CelebrityAccess) – The music publishing company that owns music penned by multiplatinum recording Hip-Hop icon and rapper – Marshall Mathers, who performs under the stage name Eminem, won a recent legal battle against Spotify and its CEO, Swedish billionaire Daniel Ek. Ek will now have to provide...

About three months back, a court rejected Spotify’s motion for a protective order in a long-running legal battle, thereby determining that CEO Daniel Ek would have to provide an up to three-hour deposition. Now, a different judge has affirmed the ruling despite the Stockholm-based streaming platform’s objections. This...

Spotify will “reduce hiring growth by 25 percent” over the next few quarters, according to an email sent by CEO Daniel Ek to employees on Wednesday. Though Ek said the company will continue to hire new staff, he cautioned that Spotify will “slow that pace and be a bit more prudent with the absolute level of new hires over the next few quarters,” the email said, an individual with knowledge of the matter confirmed to The Hollywood Reporter.More from The Hollywood Reporter'Batman Unburied': Winston Duke, Hasan Minhaj to Lead Spotify Cannes Lions PanelWhy Wall Street Has Been Hesitant About SpotifyAfter Joe...

Spotify CEO Daniel Ek says he expects the company to reach $100 billion revenue annually in the next 10 years. That’s up dramatically from year-2021 revenues of $11.4 billion. The prediction came at the end of a tough Investor Day 2022 talk in which the cost of Spotify’s podcast...

Spotify’s share price hit an all-time low last month, even though the streaming company confirmed that premium subscriber numbers went up two million in the first quarter of the year, despite the Joe Rogan debacle and the closure of its Russian service. That’s because the investor community remains nervous...

The momentary rise, however, is a blip on the radar for Spotify, which has taken a beating this year — in part over its recent, weaker-than-expected growth forecasts (just like plenty of other streaming and software firms). As for the reasoning behind Ek’s purchase, the Spotify CEO wants you...

Click here to read the full article. Spotify CEO Daniel Ek revealed that he is putting his money where his mouth is, releasing a Twitter message announcing that he will invest $50 million in the music streaming company. “I’ve always been vocal about my strong belief in Spotify and what we are building. So I am putting that belief into action this week by investing $50M in $SPOT. I believe our best days are ahead..,” Ek said in a Tweet. I’ve always been vocal about my strong belief in Spotify and what we are building. So I am putting that belief into action...

Tech stocks have been taking a walloping on Wall Street this week, and after Spotify’s stock dropped another six percent Thursday, CEO Daniel Ek took to Twitter to tell investors how he was responding. Ek said he was personally buying more company stock. “I’ve always been vocal about my...

Spotify CEO Daniel Ek has officially announced the purchase of $50 million worth of his company’s stock after shares late last month dipped to a record low of $95.22 apiece. Daniel Ek just recently took to social media to reveal his Spotify stock investment. SPOT rebounded past the $112 mark earlier this week but has since fallen back into the $104 range.