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Spotify guidance disappoints, as YouTube prepares to step up the competition in music market

Thursday 29 March 2018 | 16:23 CET | Author: Tim Poulus | Background
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Spotify has issued guidance for its Q1 and 2018 results, ahead of its stock market listing on 03 April. What's the outlook for the company, based on its financials and the growing competition? The gross margin is improving thanks to better licensing deals, but its scale is still insufficient to cover all the personnel costs. This is disappointing, coming just before the stock listing. Spotify will need to rely on organic growth, geographic expansion and platform innovation, as Apple and YouTube step up the competition. 

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Categories: Internet
Companies: Google / Netflix / Spotify / YouTube
Countries: World
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