![]() ![]() The company has also restructured its podcasting division and opted not to renew expensive talent deals with some podcast partners, including Meghan Markle and Prince Harry’s audio company, Archewell Audio. But like other tech companies, Spotify has focused on reducing its expenses, including laying off hundreds of workers amid a challenging economic time. Spotify, once known solely as a music streaming company, has expanded its offerings in recent years to include podcasts and audio books. 200 Current 84.50 Target 7.578.15 DoorDash Stock Rating What analysts recommend for DASH stock, on a scale from 1 (buy) to 5 (sell). ![]() “The company is going through a major transformation with the price increases on the way, which we view as a smart poker move despite some near-term potential churn,” Ives said. In the U.S., Spotify’s monthly individual premium plan will go up $1 to $10.99 a month. Spotify on Monday announced plans to raise prices in more than 50 countries. Analysts had expected the company to project $3.78 billion, according to FactSet.ĭaniel Ives, a managing director of equity research at Wedbush Securities, said he thought it was wise for Spotify to issue that guidance in a choppy macroeconomic environment and as the company imposes price hikes. At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. The company said in the third quarter it expects sales to be $3.6 billion. Register for your free account today at reacted negatively to Spotify’s outlook. The stock began trading at 182 per share and closed at 189.51. Apr 8, 2022, 2:00 AM PDT DoorDash CEO Tony Xu Kimberly White/Getty Images for TechCrunch DoorDash plans to offer some employees extra equity to compensate for its sliding share price. Data Link's cloud-based technology platform allows you to search, discover and access data and analytics for seamless integration via cloud APIs. Shares of DoorDash, a leading food delivery app, started trading on the New York Stock Exchange on Wednesday. ET of the following day.ĭata provided by Nasdaq Data Link, a premier source for financial, economic and alternative datasets.
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