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ATP roundup: Top seed Holger Rune rallies in Basel
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +2 min
1 seed Holger Rune of Denmark bounced back from a rough first set to beat Serbia's Miomir Kecmanovic 1-6, 7-5, 6-3 in first-round action at the Swiss Indoors Basel on Tuesday. Rune overcame four double faults and 15 unforced errors by winning 30 of his 43 first-service points (69.8 percent). 4 seed Hubert Hurkacz of Poland beat Serbia's Dusan Lajovic 7-6 (2), 6-3, while fifth seed Alex de Minaur of Australia beat Diego Schwartzman of Argentina 6-4, 6-4. 4 seed Stefanos Tsitsipas of Greece beat home-country favorite Dominic Thiem 7-6 (5), 6-4 in the first round in Vienna, Austria. 3 seed Andrey Rublev of Russia defeated Australia's Alexei Popyrin 7-6 (5), 6-4, and American sixth seed Tommy Paul took care of Frenchman Alexandre Muller 6-3, 6-1.
Persons: Holger Rune, Brandon Nakashima, Aly, Denmark, Serbia's, Rune, Hubert Hurkacz, Serbia's Dusan Lajovic, Alex de Minaur, Diego Schwartzman, Nicolas Jarry of, Frenchman Adrian Mannarino, Tallon Griekspoor, Russian Alexander Shevchenko, Dominic Stricker, Dominic Thiem, Tsitsipas, Andrey Rublev, Australia's Alexei Popyrin, Tommy Paul, Frenchman Alexandre Muller, Frances Tiafoe, Daniel Evans of Great, Grigor Dimitrov of, Tomas Machac, Lorenzo Sonego Organizations: Shanghai, Sports City Arena, U.S, REUTERS, Swiss, Basel, Australia, Erste Bank, Russia, Thomson Locations: Shanghai, China, Poland, Argentina, Nicolas Jarry of Chile, Netherlands, Russian, Swiss, Greece, Vienna, Austria, American, U.S, Daniel Evans of Great Britain, Grigor Dimitrov of Bulgaria, Czech
The company posted a third-quarter operating income of 32 million euros ($34.1 million), its first quarterly profit since 2021, helped by a higher gross margin and lower marketing and personnel costs. "We believe moving forward, we should see pretty consistent growth in our operating income," its Chief Financial Officer Paul Vogel said. It forecast operating income of 37 million euros in the current quarter. Revenue rose 11% to 3.36 billion euros, beating estimates of 3.33 billion. Analysts were expecting a forecast of 232.4 million premium subscribers and revenue of 3.69 billion euros.
Persons: Eric Gaillard, Paul Vogel, Daniel Ek, Vogel, Supantha Mukherjee, Kirsten Donovan, Jan Harvey Organizations: Spotify, Cannes Lions International, Creativity, REUTERS, Companies, Reuters, Thomson Locations: Cannes, France, STOCKHOLM, LSEG, Stockholm
A startup that offers personalized health screenings for individuals and employees has just raised $1.2 million in fresh funds. Berlin-based HealthCaters, which was founded three years ago, has developed a home-testing kit so that users can screen themselves for preventable diseases. The startup's app, which is also powered by AI, then suggests personalized health guidelines based on the results of these screenings. Based on these results, medical coaches at the startup create an individual health plan for patients. With the fresh funding, HealthCaters will double down on its business-to-business offerings, and eye a launch in the UK market.
Persons: Tatyana Eliseeva, aren't, Daniel Ek, Dr, Lilia Kruse, HealthCaters Organizations: IBM, DvH Ventures Locations: Berlin, HealthCaters, Germany, Europe
YouTube wants to launch a AI feature to let users make music using their favorite singers' voices. It's been delayed by ongoing talks with record companies about the rights needed to train AI software. The arrival of AI-generated music has created significant legal issues for the music industry. The new tools are aimed at streamlining the creative process for YouTube users. The AI music function could potentially give YouTube users the ability to recreate any song with their favorite musician's voice, or create entirely new music replicating a singer.
Persons: It's, , didn't, Alexander Ross, that's, Drake, Munch ”, , Daniel Ek, Grimes, Elon Musk, who's Organizations: YouTube, Service, Bloomberg, Spotify
US Nobel-winning poet Louise Gluck dies at 80
  + stars: | 2023-10-13 | by ( ) www.reuters.com   time to read: +2 min
American poet Louise Gluck, winner of the 2020 Nobel Prize for Literature, poses outside her home in Cambridge, Massachusetts, U.S., in this undated handout image obtained by Reuters on December 7, 2020. © Nobel Prize Outreach/Daniel Ebersole/Handout via REUTERS Acquire Licensing RightsOct 13 (Reuters) - Louise Gluck, a renowned poet who won a Nobel Prize for Literature in 2020, has died at age 80, according to media reports in the United States on Friday that cited her editor. Drawing comparisons with other authors, the Academy said Gluck resembled 19th-century U.S. poet Emily Dickinson in her "severity and unwillingness to accept simple tenets of faith." She served as Poet Laureate of the United States in 2003-04 and was awarded the National Humanities Medal by President Barrack Obama in 2016. Born in New York, Gluck became the 16th woman to win a Nobel Prize for Literature, the literary world's most prestigious award.
Persons: Louise Gluck, Daniel Ebersole, Nobel, Gluck, Emily Dickinson, Jonathan Galassi, Farrar, Straus, Giroux, Iris, Barrack Obama, Rich McKay, Grant McCool Organizations: Reuters, REUTERS Acquire, Swedish Academy, Yale University, National, Literature, Thomson Locations: Cambridge , Massachusetts, U.S, Handout, United States, America, New York
ATP roundup: No. 4 seed Stefanos Tsitsipas ousted in Beijing
  + stars: | 2023-09-29 | by ( ) www.reuters.com   time to read: +1 min
Aug 30, 2023; Flushing, NY, USA; Stefanos Tsitsipas of Greece hits to Dominic Stricker of Switzerland on day three of the 2023 U.S. Open tennis tournament at USTA Billie Jean King National Tennis Center. 4 seed Stefanos Tsitsipas of Greece 6-4, 6-4. 6 seed Jannik Sinner of Italy, defeated a pair of Brits, Cameron Norrie and Daniel Evans, respectively, to advance to the second round. Astana OpenJurij Rodionov of Austria defeated second-seeded Sebastian Baez of Argentina 6-2, 6-4 to advance to the quarterfinals in Kazakhstan. Also advancing were Czech Jiri Lehecka, Sebastian Korda and Adrian Mannarino of France, seeded fourth through sixth, respectively.
Persons: Stefanos, Dominic Stricker of, USTA Billie Jean King, Danielle Parhizkaran, Nicolas Jarry of, Carlos Alcaraz, Yannick Hanfmann, Daniil Medvedev, Russia, Tommy Paul, Holger Rune of Denmark, Canada's Felix Auger, Casper Ruud of, Lennard Struff, Andrey Rublev, Italy, Cameron Norrie, Daniel Evans, Alexander Zverev, Argentina's Diego Schwartzman, Jurij Rodionov, Austria, Sebastian Baez, Rodionov, Czech Jiri Lehecka, Sebastian Korda, Adrian Mannarino of Organizations: USTA Billie, USTA Billie Jean King National Tennis Center, China, Jurij, Thomson Locations: Flushing , NY, USA, Greece, Dominic Stricker of Switzerland, Beijing, Nicolas Jarry of Chile, Germany, Casper Ruud of Norway, Russia, Argentina, Kazakhstan, Czech, Adrian Mannarino of France
Mark Zuckerberg has embraced a "martial arts view of the world," says Spotify CEO Daniel Ek. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAdvertisementMeta CEO Mark Zuckerberg, who spent the summer getting shredded and talking about a cage fight with Elon Musk, has embraced a "martial arts view of the world." That's according to Spotify CEO Daniel Ek, who discussed the public's perception of Zuckerberg with Forbes in a story published on Tuesday. In August 2022, Zuckerberg spoke about his martial arts journey on an episode of the "The Joe Rogan Experience" podcast, saying he found the sport to be both physically and intellectually engaging.
Persons: Mark Zuckerberg, Daniel Ek . Ek, Zuckerberg, Elon Musk, , Daniel Ek, Ek, Joe Rogan, Insider's Jyoti Mann, Dan Schulman, Krav Maga, Joanna Pineda Organizations: Forbes, Service, PayPal, Matrix Group, hapkido Locations: California, Meta
Spotify's founder says the world has met three different versions of Mark Zuckerberg over the years. There's "The Social Network" Mark, "Cambridge Analytica" Mark and the Mark we're seeing today. Daniel Ek told Forbes that today's Zuckerberg "is a lot more authentic in his public persona." AdvertisementAdvertisementSpotify founder Daniel Ek says the public has been entreated to three different versions of Mark Zuckerberg over the years. But Ek told Forbes that the Zuckerberg of today is a lot different from the past two versions.
Persons: Mark Zuckerberg, Mark, Daniel Ek, Forbes, today's Zuckerberg, , Ek, Ek — who's, Zuckerberg, Jessie Eisenberg's, Eisenberg, He's, he's, Joe Rogan, Rogan, Meta Organizations: Cambridge, Service, Facebook, Harvard, Social, Academy, Meta Locations: Swedish, Cambridge
He said the use of AI in the music industry would likely be debated for years. Ek told the outlet there was a debatable middle ground where AI-generated music was influenced by, but did not mimic, an existing artist. The Spotify boss added that the use of AI in the music industry would likely be debated for years. Several artists have criticized this type of AI music. During an appearance on the "Full Send" podcast, Ice Cube said he would sue "the people and the platform" who made and distributed AI-generated music in his style.
Persons: Daniel Ek, Ek, , Drake, Spotify's, it's Organizations: Spotify, BBC, Service, BBC News, Apple Music, YouTube
Spotify CEO Daniel Ek joins author and comedian Trevor Noah to discuss the future of storytelling at Spotify Beach in Cannes, France, on June 20, 2023. Spotify on Monday announced a new artificial intelligence-powered feature that can translate podcasts into different languages using the host's own voice. The technology can create "realistic synthetic voices" from just a few seconds of speech, OpenAI said in a release. Spotify said it will help make the podcast listening experience more authentic and natural by maintaining podcasters' "distinctive speech characteristics." Spotify said it plans to make the feature accessible for more creators and languages in the future.
Persons: Daniel Ek, Trevor Noah, OpenAI, Dax Shepard, Lex Fridman, Monica Padman, Steven Bartlett, Bill Simmons, Trevor Noah's Organizations: Spotify Beach, Spotify Locations: Cannes, France
A highly anticipated report published by NASA on Thursday underscored challenges to understanding unidentified anomalous phenomena, or UAP, including stigma and poor data quality. The report, which comes from NASA’s UAP Independent Study Team, found no evidence to suggest that UFOs have an extraterrestrial origin. “The NASA independent study team did not find any evidence that UAP have an extra terrestrial origin,” Nelson said. “Stigma has limited reporting by pilots, both civilian and military,” David Spergel, chair of the UAP Independent Study Team, said at the press briefing. When asked during a briefing in May why the team doesn’t use the term UFO for the report, Evans said “because of the stigma associated with UFOs.”
Persons: Bill Nelson, ” Nelson, , , Daniel Evans, ” David Spergel, Evans Organizations: NASA, NASA’s, UAP
NASA also created a new position to lead UAP research, but officials won't say who they appointed. NASA officials cited harassment concerns but said they might share the new UAP chief's name someday. As part of its new plan to tackle mysterious phenomena, NASA created a new officer position: Director of UAP Research. That's why I'm announcing that NASA has appointed a NASA Director of UAP Research," Bill Nelson, NASA's administrator, said in a press briefing on Thursday. NASA Administrator Bill Nelson speaks in Colorado Springs, Colorado.
Persons: Bill Nelson, Bill Ingalls, Nicola Fox, Fox, Daniel Evans, Evans Organizations: NASA, UAP, Service, Navy, Research, UAP Research Locations: Wall, Silicon, Colorado Springs , Colorado
Alongside cheese and charcuterie, he almost always includes a platter of figs interspersed with dozens of loose Marlboro Golds. The Charlotte, N.C.-based artist grew up among the tobacco farms of Williamston, where their grandmother worked in the fields. “Seeing my grandmother die and not being compensated in any way showed me how disposable people are to Big Tobacco. “I think my generation can relate more to addiction to the phone than addiction to tobacco,” they say. To me, cigarettes represent how we treat both things and people now.”Set design by Yolande Gagnier.
Persons: Daniel E, Soares, , Alma Berrow, ” Nicholson, Yolande Gagnier, Christopher T, Linn, Brendan Galvin Organizations: Marlboro, Tobacco Locations: York, British, Charlotte, N.C, Williamston
Boss Daniel Ek said the lucrative side hustle wasn't possible as it was "not how our royalty system works." Spotify is battling a wave of fake music being uploaded to the platform, much of it generated by AI. before adding: "But seriously, that's not quite how our royalty system works." Separately, a Swedish newspaper last week reported that gangs were using fake Spotify streams to launder money. The rappers would then collect royalty payments for their songs from Spotify, effectively laundering the money.
Persons: Morgan, Boss Daniel Ek, Daniel Ek, that's, Drake Organizations: Spotify, Service, JPMorgan, Financial, Columbia House, Universal Music, Swedish, Svenska Dagbladet Locations: Wall, Silicon, Swedish, Svenska
[1/6] Tennis - U.S. Open - Flushing Meadows, New York, United States - September 2, 2023 Spain's Carlos Alcaraz in action during his third round match against Britain's Daniel Evans REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsNEW YORK, Sept 6 (Reuters) - World number one Carlos Alcaraz vanquished Alexander Zverev 6-3 6-2 6-4 on Wednesday to complete an all-star U.S. Open men's semi-final lineup that features three Flushing Meadows champions and a big-hitting American wildcard. Daniil Medvedev, the 2021 winner, overcame brutal heat and fellow Russian Andrey Rublev 6-4 6-3 6-4 to set up a Friday meeting with defending champion Alcaraz. By the time Alcaraz and Zverev appeared on Arthur Ashe for the late match much of the sting had been taken out of the brutal conditions that Medvedev and Rublev faced. German Zverev, a U.S. Open finalist in 2020, showed up ready to fight but after some initial resistance the tank emptied and it was a straightforward win for Alcaraz in the end. "I'm feeling really comfortable playing in this court, playing here in New York," said Alcaraz.
Persons: Spain's Carlos Alcaraz, Britain's Daniel Evans, Shannon Stapleton, Carlos Alcaraz, Alexander Zverev, Daniil Medvedev, Russian Andrey Rublev, Alcaraz, Novak Djokovic, Ben Shelton, Medvedev, Shelton, Marketa, Coco Gauff, Keys, Sloane Stephens, Sabalenka, China's Zheng Qinwen, Arthur Ashe, Rublev, Zverev, Jannik Sinner, Frank Pingue, Steve Keating, Toby Davis, Peter Rutherford Organizations: Tennis, Britain's Daniel Evans REUTERS, Flushing Meadows, U.S, Alcaraz, Madison Keys, Wimbledon, Flushing, Thomson Locations: Flushing Meadows , New York, United States, Flushing, Russian, Flushing Meadows, U.S, New York, Toronto
Alcaraz holds off Evans to reach U.S. Open fourth round
  + stars: | 2023-09-02 | by ( ) www.reuters.com   time to read: +2 min
Alcaraz moved through the first set like a freight train, winning the first four games, and the 26th-seeded Evans failed to convert any of his three break points in the eighth game. Evans did let out a roar as he broke Alcaraz with an unreturnable backhand down the line in the second game of the second set but the Spaniard broke back immediately and the Briton helped his opponent to another break in the fifth. Alcaraz broke Evans again with a well-executed drop shot to close out the second set. However, Evans upped his level in the third set, channeling his frustration into a superb game seven where he broke with a backhand winner. Reporting by Amy Tennery in New York; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
Persons: Spain's Carlos Alcaraz, Britain's Daniel Evans, Shannon Stapleton, Carlos Alcaraz, breezed, Evans, Italian Matteo Arnaldi, Alcaraz, Spaniard, Arthur Ashe, Amy Tennery, Ken Ferris Organizations: Britain's Daniel Evans REUTERS, Flushing, Briton, Thomson Locations: Flushing Meadows , New York, United States, Flushing Meadows, Italian, New York
Third seed Daniil Medvedev once again worked the U.S. Open graveyard shift on Saturday, beating in-form Sebastian Baez 6-2 6-2 7-6(6) to end the Argentine's 12 match winning streak. Against the 26th seeded Evans the 20-year-old Spaniard mixed moments of brilliance with lapses in focus but was never really threatened on his way to 6-2 6-3 4-6 6-3 win. Top seeded Briton, number 16 Cameron Norrie, was dumped out 6-3 6-4 6-3 by Italian Matteo Arnaldi while American Peyton Stearns pushed the last British woman Katie Boulter to the exit with a 6-4 6-3 victory. Joining Pegula were 2017 finalist Madison Keys, a 5-7 6-2 6-2 winner over 14th seed Liudmila Samsonova, Stearns and sixth seed Coco Gauff, who booked her spot on Friday with a win over Elise Mertens. Reporting by Steve Keating and Amy Tennery in New York, editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.
Persons: Spain's Carlos Alcaraz, Britain's Daniel Evans, Shannon Stapleton, Carlos Alcaraz aced, women's, Aryna Sabalenka, France's Clara Burel, Arthur Ashe, Czech Marie Bouzkova, Jabeur, Bouzkova, Daniil Medvedev, Sebastian Baez, Medvedev, Christopher O'Connell, Roger Federer, Evans, Alcaraz's, Jack Draper, Michael Mmoh, Draper, Winston, Cameron Norrie, Matteo Arnaldi, Peyton Stearns, Katie Boulter, Jessica Pegula, Ukraine's Elina Svitolina, Pegula, Madison Keys, Liudmila Samsonova, Stearns, Coco Gauff, Elise Mertens, Pete Sampras, Serena Williams, Taylor Fritz, Frances Tiafoe, Tommy Paul, Ben Shelton, Sloane Stephens, Keys, Andy Roddick's, Jannik, Stan Wawrinka, Alexander Zverev, Bulgarian Grigor Dimitrov, Steve Keating, Amy Tennery, Lincoln Organizations: Tennis, Britain's Daniel Evans REUTERS, U.S, Czech, American, Bulgarian, Thomson Locations: Flushing Meadows , New York, United States, U.S, New York, Salem, British, Flushing, Flushing Meadows
A resident sprays water on hot spots near a house in Celista, British Columbia, Canada, on Saturday, Aug. 19, 2023. Record-breaking wildfires in Canada, which have already scorched an area larger than Greece, are heading toward key population centers, forcing tens of thousands to evacuate. Forest fires in Canada's western province of British Columbia intensified on Saturday, with the number of people under evacuation orders doubling from a day earlier, as authorities warned of difficult days ahead. The fire is centered around Kelowna, a city some 300 kilometers (180 miles) east of Vancouver, with a population of about 150,000. Forest fires are not uncommon in Canada, but the spread of blazes and disruption underscore the severity of its worst wildfire season yet.
Persons: Daniel Eby, Eby Organizations: British Columbia Locations: Celista, British Columbia, Canada, Greece, Canada's, British, Columbia, Kelowna, Vancouver, New York
By Saturday, more than 35,000 residents were under an evacuation order and another 30,000 were under an evacuation alert. Ministers and government officials urged residents living in evacuation order zones to take immediate action, in the interest of their own lives and that of the firefighters. British Columbia Premier Daniel Eby also imposed a ban on non-essential travel on Saturday, in order to free-up accommodation for evacuees and firefighters. Forest fires are not uncommon in Canada, but the spread of blazes and disruptions underscore the severity of its worst wildfire season yet. The fires have drained local resources and drawn in federal government assistance as well as support from 13 countries.
Persons: Columbia Premier Daniel Eby, Krista Flesjer, Kip Lumquist, Denny Thomas, Kim Coghill Organizations: U.S ., U.S . Pacific Northwest, Ministers, Columbia Premier, Authorities, Government, REUTERS Acquire, Thomson Locations: British Columbia, Kelowna, Vancouver, U.S, U.S . Pacific, Canada, New York, U.S . East Coast, Squilax, Yellowknife, Northwest Territories, Chase, Hope, Lytton, Craigellachie
REUTERS/Pat Kane Acquire Licensing RightsCompanies City of Yellowknife FollowKELOWNA, British Columbia, Aug 19 (Reuters) - Thousands of British Columbia residents were on high evacuation alert on Saturday after rapidly intensifying wildfires forced the western Canadian province to declare a state of emergency. By Friday, an out-of-control fire in southern British Columbia grew more than hundredfold in 24 hours and forced more than 2,400 properties to be evacuated. "This is an historic wildfire season for British Columbia," Eby told a briefing. "The state of emergency declaration ... communicates to people across the province the seriousness of the deteriorating situation," Eby said. The escalation in British Columbia comes as the northern Canadian city of Yellowknife evacuated most of its roughly 20,000 residents due to a large approaching blaze.
Persons: Pat Kane, Daniel Eby, Eby, Ismail Shakil, Denny Thomas, Kim Coghill Organizations: REUTERS, British Columbia, Northwest Territories, Thomson Locations: Yellowknife, Fort Providence, Northwest Territories, Canada, City, KELOWNA , British Columbia, British Columbia, Canadian, Kelowna, Vancouver, British, West Kelowna, New York, Northwest, Ottawa
Healing Futures is a Philadelphia restorative-justice-diversion program for people under 18. Harvey got a call a few weeks later from Kempis "Ghani" Songster, the program manager for Healing Futures, Philadelphia's first pre-charge program for youth restorative-justice diversion. AdvertisementNone of the youths who have completed the Healing Futures program have recidivated, he said. He's also now one of the 33 youths who've completed the Healing Futures program. September 6, 2023: This story has been updated to include the name of the parent organization of Healing Futures, the Youth Art & Self-Empowerment Project.
Persons: Janelle Harvey, Harvey, Kempis, Ghani, Songster, Philadelphia's, hadn't, Felix Rosado, Cheyenne Wade, Daniel, He's, who've, Kendra Brooks, Brooks, Queen, Rosado Organizations: Healing, Youth, Futures, Community Works, SEPTA, Charles Foundation, Philadelphia City Council, Kendra Brooks Healing, Healing Futures Locations: Philadelphia, Chicago , Washington, Queen, Oakland , California, Alameda County
ATP roundup: Yosuke Watanuki records upset in Washington
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +2 min
[1/4] Aug 2, 2023; Washington, D.C., USA; Yosuke Watanuki (JPN) hits a backhand against Felix Auger-Aliassime (CAN) (not pictured) on day five of the Mubadala Citi DC Open at Fitzgerald Tennis Stadium. Mandatory Credit: Geoff Burke-USA TODAY SportsAugust 3 - Japan's Yosuke Watanuki prevailed in a wild first-set tiebreaker en route to a 7-6 (10), 7-6 (3) upset of No. 3 seed Felix Auger-Aliassime on Wednesday in a second-round match at the Mubadala Citi DC Open in Washington. Watanuki jumped out to a 4-1 lead in the opening set's tiebreaker, but Auger-Aliassime stormed back and eventually held leads of 5-4 and 9-8. But Watanuki held firm, and on his fifth set point, he was finally able to get past the Canadian.
Persons: Yosuke, Felix Auger, Geoff Burke, Watanuki, Aliassime, Jordan Thompson, Adrian Mannarino, Frenchman Gregoire Barrere, Daniel Evans of, Tallon Griekspoor, Christopher Eubanks, Ugo Humbert, Gael Monfils, Great, Andy Murray, Taylor Fritz, Zachary Svajda, Alex Molcan, Sebastian Ofner, Molcan, Argentina's Sebastian Baez, Roberto Carballes Baena, France's Arthur Rinderknech, Colombia's Daniel Elahi Galan, Dominic Thiem, Djere, Argentina's Tomas Martin Etcheverry, Pedro Cachin Organizations: D.C, Citi DC, Fitzgerald Tennis, USA, ., Austrian, Thomson Locations: Washington, USA, France, Daniel Evans of Great Britain, Slovakia, Kitzbuhel, Austria, Spain, Serbia
The number of monthly active users rose to 551 million in the second quarter, beating Spotify's guidance and analysts' forecast of 526.8 million. Premium subscribers, who account for most of the company's revenue, rose 17% to 220 million, topping estimates of 216.6 million, according to IBES data from Refinitiv. However, quarterly revenue was 3.18 billion euros ($3.51 billion), below analysts' estimate of 3.21 billion euros. REUTERS/Brendan McDermid/File Photo"If we have user growth, the revenue growth eventually comes - that's the lesson been learned at Spotify and we have seen it over and over," Ek said. Spotify expects premium subscribers to reach 224 million this quarter and revenue of 3.3 billion euros.
Persons: Daniel Ek, Brendan McDermid, Ek, Paul Vogel, Supantha Mukherjee, Louise Heavens, Mark Potter Organizations: Spotify, New York Stock Exchange, REUTERS, Thomson Locations: STOCKHOLM, New York, U.S, Stockholm
Spotify’s awkward three-way dance leads to slip-up
  + stars: | 2023-07-25 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 25 (Reuters Breakingviews) - Spotify (SPOT.N) is caught between the expectations of investors and major music labels. One bullish argument for Spotify’s stock is that higher prices will mean higher margins over time. First, some of Spotify’s customers pay annually, which means the price hike might take a while to come through. He’s locked in a long-term standoff with major labels like Universal Music Group (UMG.AS), which currently grab the overwhelming majority of Spotify’s revenue. In other words, Spotify’s future may be rosier than Ek is willing to let on.
Persons: Daniel Ek, Ek, coy, He’s, Karen Kwok, Liam Proud, Oliver Taslic Organizations: Reuters, Spotify, Universal Music, Twitter, Thales, Thomson Locations: Spain
All Spotify Premium users will see a price increase, the first since its 2011 US launch. The plans will increase by $1, except for Spotify Duo, which will go up by $2. On Monday, Spotify announced that prices for its premium subscriptions will be increasing in the US and several other countries. Spotify Premium users will be greeted with this message informing them of the price change, upon opening the app. Spotify's CEO warned usWhile it's never fun when a service raises it's prices, Spotify's increase shouldn't come as a surprise.
Persons: Spotify's, Haley Tenore, it's, Daniel Ek Organizations: Spotify, Spotify Duo, Wall Street Journal, YouTube, Apple, Netflix Locations: Canada
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