Rogan, a popular internet commentator, has since apologised and Spotify said it would start adding content advisories to episodes discussing COVID.Ĭhief Executive Officer Daniel Ek said the company already has a "sizable" content moderation team in place.
Spotify launches ‘Netflix Hub’ on its app to attract fansīut the allure of the podcast star also drew condemnation after his show aired controversial views around COVID-19, drawing protests from artists Neil Young and Joni Mitchell. The subscription music streaming service has invested over a $1 billion in the podcasting business, led by marquee exclusive shows such as The Joe Rogan Experience. "So if you look at '21 as a sort of proxy for kind of net additions that 2022 will be good, not materially different," Vogel said. Spotify said it would no longer offer annual guidance on subscribers. Revenue is expected to meet estimates of 2.60 billion euros.
The company, however, forecast current-quarter paid subscribers of 183 million, below expectations of 184 million. Total monthly active users rose 18% to a record 406 million. The outlook overshadowed fourth-quarter revenue, which came in higher than analysts' estimates, as the music streaming company sold more advertisements and newer services such as podcasts, while recording a healthy 16% increase in paid subscribers for its premium service. Shares pared losses and were down between 3% to 9% after the initial shock. Spotify bolsters audiobooks business with Findaway buy we don't expect a material difference in the net additions for either users or subscribers in 2022 relative to 2021," Vogel told Reuters. "While we have not given full year guidance anymore on subscribers. Reuters after the report, Spotify Chief Financial Officer Paul Vogel said this year would not be that much different than last in terms of users and subscribers.
The company's shares fell as much as 18% in late trading after Spotify reported the subscriber outlook.
(Sign up to our Technology newsletter, Today's Cache, for insights on emerging themes at the intersection of technology, business and policy. Spotify on Wednesday forecast current quarter subscribers lower than Wall Street expectations, but executives sought to reassure investors that growth had not cratered even as it deals with the fallout from the controversy around The Joe Rogan Experience podcast.
0 kommentar(er)
