Spotify is raising Premium prices outside the US
Unfortunately, Spotify's announcement doesn't name the impacted countries. A spot check across multiple European countries using Internet Archive snapshots from July shows that €1/mth increases have already been applied for new customers in Spain, Italy, and Portugal. European countries that previously raised subscription pricing in recent months — including France, Belgium, Luxembourg, and the Netherlands — do not appear to have been hit with additional increases.
Despite posting positive results for paid subscriber growth in its quarterly earnings report on July 29th, Spotify's profit forecast fell below analysts' estimates. Spotify's stock price fell by 11.5 percent the same day, wiping $16 billion off the company's market cap.
When asked during the earnings call why Spotify isn't raising prices more frequently, CEO Daniel Ek said that the streaming company was prioritizing retaining subscribers for the long term over making short-term revenue gains. These new price increases may not be directly responding to that criticism, however, as The Financial Times reported in April that Spotify was already planning to hike prices in Europe and Latin America this summer.
US pricing is so far unaffected. Spotify held fast to US pricing for 12 years prior to the first increases that began in 2023 and continued into 2024.
Posts from this author will be added to your daily email digest and your homepage feed.
See All by Jess Weatherbed
Posts from this topic will be added to your daily email digest and your homepage feed.
See All Entertainment
Posts from this topic will be added to your daily email digest and your homepage feed.
See All News
Posts from this topic will be added to your daily email digest and your homepage feed.
See All Spotify
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Tyson Foods hasn't seen 'material' impact from Trump tariffs as consumer protein push lifts results
Tyson Foods (TSN) reported results Monday that were better than expected for its fiscal third quarter. A consumer focus on protein and a lack of immediate impact from President Trump's tariff policies boosted results. "Consumers are prioritizing protein ... over other foods, but they're also prioritizing food as essential versus the non-essential things like apparel, ... bigger ticket items," Tyson Foods CEO Donnie King said. As far as the impact of President Trump's tariffs, King said, "I would not call anything we've seen from tariffs today, not only beef, but in pork, chicken. I don't see a material impact from that at this point." In the quarter, Tyson reported sales grew 4% to $13.88 billion, topping forecasts for revenue to tally $13.55 billion, according to Bloomberg data. Adjusted earnings per share were $0.91 in the quarter, ahead of forecasts for $0.78. The company also said its sales for its fiscal year 2025, which wraps up during the current quarter, will rise 2% to 3% from last year, better than its previous outlook for sales to be flat to up 1%. Tyson Foods stock rose about 3% following the results on Monday. Year to date, the stock remains down over 5%, trailing the S&P 500's roughly 7.5% gain. Read more: Live coverage of corporate earnings Chicken was the company's strongest category during the quarter, with volumes rising 2.4% alongside an average price increase of 1.1%. Consumers leaned into frozen items like Tyson Simple Ingredient nuggets, which have higher protein. Tyson's fresh chicken business grew volume by 2.3%. Tyson now expects its chicken segment to post operating income of $1.3 billion to $1.4 billion for the year, up from the previously expected range of $1 billion to $1.3 billion. "Our chicken business is obviously running a lot better than it has," King said. "This has been a multiyear journey, but it's running more efficiently." King said the company is also seeing the benefit from the closure of four chicken plants two years ago. Its pork business is having a moment too. Volume for that segment grew 1.5% against forecasts for a 2.3% decline. Pork delivered its strongest third quarter adjusted operating income for the company in four years. All the momentum offset a more challenging quarter for its beef business. The average price for beef increased 10%, higher than the 7.3% jump expected. Volumes declined 3.1%, more than the 2% expected, as the tightened cattle supply made fewer available for Tyson to buy and drove costs higher. Still, King said its beef consumer "has been very resilient" in the face of higher prices. For ranchers, higher beef prices have been good news, according to Texas A&M professor David Anderson, as these prices reverse the situation "for ranchers who have dealt with low prices, high costs, and drought in recent years." Fewer imports from Mexico have hit the US cattle supply, however, creating another challenge for Tyson. "I expect the tariff and retaliatory tariffs from China have introduced more struggles in [the ranchers'] business," Anderson said. "I should say it's not just high prices but fewer cattle that make it hard to get enough cattle to operate." Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on X at @BrookeDiPalma or email her at bdipalma@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
- Yahoo
Analyst downgrades top S&P 500 stock after disappointing earnings
Analyst downgrades top S&P 500 stock after disappointing earnings originally appeared on TheStreet. Compass Point has lowered Coinbase's (Nasdaq: COIN) price target from $330 to $248 and downgraded the rating from "Neutral" to "Sell" after the crypto exchange reported disappointing financial results for the second quarter of 2025. The investment firm indicated receding retail interest, poor Q2 records, weak prospects for recurring revenue lines like subscriptions and custody services the next quarter, and more competition from stablecoin and decentralized finance (DeFi) platforms as the reasons it downgraded the COIN stock's rating. Compass Point also warned of Coinbase's retail trading under pressure despite a bullish crypto market. Notably, retail trading is Coinbase's main profit are two other factors that the firm highlighted as possible risks for Coinbase. One is a potential delay in the CLARITY Act, which deals with classifying the financial status of crypto assets. Another is Coinbase trailing Robinhood (Nasdaq: HOOD) and Kraken in launching stock trading. 'We see limited support for COIN's valuation if crypto markets sell off further,' said Compass Point. Founded in 2012, Coinbase is the largest crypto exchange in the U.S. The company, which went public in April 2021, joined the S&P 500 list in May 2025 — the only crypto stock to be included in the hotly contested list so far. During Q2 2025, the exchange generated $1.5 billion in total revenue, $1.4 billion in net income, and earnings per share (EPS) of $5.14 in Q2. The exchange held 11,776 Bitcoin worth $1.3 billion by the end of the quarter. The COIN stock is trading at $319.55 at the time of writing, up 1.54% a day. Analyst downgrades top S&P 500 stock after disappointing earnings first appeared on TheStreet on Aug 4, 2025 This story was originally reported by TheStreet on Aug 4, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
- Yahoo
Pearson PLC (PSO) (H1 2025) Earnings Call Highlights: Strategic Partnerships and AI Innovations ...
Release Date: August 01, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Pearson PLC (NYSE:PSO) reported a 2% increase in sales and adjusted operating profit for the first half of 2025, aligning with their February guidance. The company is making significant progress in strategic partnerships, including new relationships with Google Cloud, Microsoft, and AWS, which are expected to drive revenue growth. Pearson PLC (NYSE:PSO) is expanding its enterprise learning and skills segment, with new contract wins from HCL Tech and Google Cloud, indicating strong growth potential. The acquisition of e-dynamic Learning is expected to support Pearson's medium-term growth strategy, with the business having strong margins and a track record of good growth. AI-driven innovations are enhancing Pearson's product offerings, improving learning outcomes, and generating cost efficiencies across the business. Negative Points Pearson PLC (NYSE:PSO) faces near-term pressure from hiring freezes affecting its PDRI segment, which could impact future opportunities. The English language learning segment saw a 3% decline, with the Pearson Test of English expected to decline in the second half of the year. Higher education enrollments are expected to remain flat, requiring growth from other factors such as inclusive access and pricing. The company is experiencing FX headwinds, which have impacted adjusted earnings per share, despite positive underlying trading performance. The integration of e-dynamic Learning may incur near-term costs and deferred revenue impacts, potentially affecting 2025 group guidance. Q & A Highlights Warning! GuruFocus has detected 9 Warning Signs with FRA:CIG. Q: Are the new contracts, such as those with ServiceNow and Salesforce, performing in line with expectations, and what is the growth outlook for 2026? A: Omar Abbosh, CEO: While we are not providing specific guidance for 2026, the contracts with ServiceNow, Salesforce, and others are performing as expected. Arthur Valentine added that the launch efforts and expected volumes are in line with expectations and reflected in the guidance provided. Q: Can you provide more details on how technology is driving cost efficiencies across Pearson? A: Sally Kate Johnson, CFO: AI is being used for content generation and translation, allowing faster market entry and cost savings. AI capabilities are also being integrated into services to improve customer experience and reduce costs. Q: What is driving the expected revenue growth in the second half of 2025? A: Sally Kate Johnson, CFO: The growth is driven by new and renewed contracts in assessments and qualifications, enrollment growth in virtual schools, and a strong performance in English language learning. The impact of previous school losses will no longer be a headwind. Q: Can you explain the recent acquisition of e-dynamic Learning and its expected impact? A: Omar Abbosh, CEO: E-dynamic Learning is a leader in career and technical education, providing content for middle and high school students. It will be integrated into the higher education segment and is expected to support medium-term growth with strong margins and cash flow. Q: How is Pearson addressing the decline in English Language Learning, particularly with PTE? A: Sharon, Head of English Language Learning: The second half of the year is expected to see growth driven by institutional business, particularly in Latin America, with a focus on government deals and share gains. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
