Columbus, OH

Spotify reported another quarter of record profits one year after it raised the price of its Premium plans for the first time ever. The Swedish audio streaming company reported an operating income of 266 million euros ($289 million) in the second quarter, compared with a loss of 247 million euros ($268 million) a year ago. Monthly active users grew 14% annually to 626 million.

Spotify's price hikes didn't stop it from scoring more subscribers — and record profits

Consequence (formerly Consequence Of Sound)

Spotify reduced its workforce while adding seven million new premium subscribers.
Spotify Achieves Record-High Quarterly Profit in Q2 2024
Scoop Harrison

Spotify Achieves Record-High Quarterly Profit in Q2 2024

The Swedish audio-streaming giant sought to reduce costs through layoffs and cuts to its marketing budget last year, while trying to grow its user base through promotions and new investments in podcasts. In the second quarter of 2024, the number of paying Spotify subscribers rose to 246 million, slightly above...

Spotify reports record quarterly earnings

If there were doubts that Spotify’s aggressive push for profitability would prove fruitful, those had to have been quashed on seeing the streamer’s Q2 2024 results. Seven million new paid subscribers were added for the quarter, despite the second price hike in a year. This brings Spotify’s subscriber...

Spotify Defies Q2 Expectations After Second Premium Price Hike

Markets Insider

Spotify's revenue grew 20% year-over-year in the second quarter, driven by growth in its premium subscriber base and an increase in ad sales.

Spotify jumps 14% after the music-streaming giant reports record profit in the 2nd quarter

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Ohio State

Akron, OH

Big news out of Ohio: Goodyear Tire & Rubber Co. is making a major shift by relocating 175 jobs from its Akron headquarters to a new facility in Costa Rica. This move, part of their "Goodyear Forward" transformation plan, will take effect in early 2025.

A major Ohio company is moving its jobs overseas

Cadillac has a new convertible concept EV that’s longer than some SUVs, has giant pillar-to-pillar infotainment screens, and can keep you cool for the summer with a refrigerator in the back seat. It’s called the Sollei, and it’s a new electric vehicle concept that looks like a convertible version...

Cadillac’s extra-long, extra-yellow EV has a fridge in the back seat

Deadline reports the broadcaster will lay off 500 staff by March 2026, with 2,000 jobs already cut over the last five years. The ad-free public service is hemorrhaging funding as Brits cancel their TV licenses. The BBC is now aiming to become a “leaner, more agile organisation” after operating deficits...

The BBC is in a bit of a bind.

The Independent

Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter.The Atlanta beverage giant said Monday that it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.Revenue rose 3% to $12.4 billion for the April-June period. That was higher than Wall Street anticipated. Analysts polled by FactSet were expecting revenue of $11.8 billion.Earnings fell 5% to 56 cents per share. Adjusted for one-time items, including currency fluctuations, Coke earned 84 cents per share. That also beat Wall Street’s forecast of 81 cents.

Coca-Cola raises full-year sales guidance after stronger-than-expected second quarter

The Motley Fool

This tech titan could join the most exclusive club on Wall Street by the end of 2025.

1 Unstoppable Stock Set to Join Nvidia, Apple, and Microsoft in the $3 Trillion Club

24/7 Wall St.

The slowing subscriber count at Netflix matters to shareholders. The stock has underperformed the Nasdaq so far this year.
The post Netflix May Be in Trouble appeared first on 24/7 Wall St..

Netflix May Be in Trouble

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J. Souza

Bed bugs aren't supposed to be part of the all-inclusive package on a cruise vacation. A woman is alleging an unsettling experience aboard a Royal Caribbean cruise ship, claiming she and her family were subjected to a bed bug infestation.

"I Paid $2K for a Bed Bug Cruise": Passenger Shares Royal Caribbean Story & Letter from Cruise Line

New Jersey State

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Morristown Minute

A new initiative aims to provide housing for vulnerable Medicaid members, enhancing community wellness and support. MORRIS COUNTY, N.J. - In a significant move to tackle housing instability among Medicaid recipients, New Jersey's Human Services Commissioner Sarah Adelman, along with Community Affairs Commissioner Jacquelyn A. Suárez, today announced the availability of $95 million in funding for developers. This initiative, part of the Healthy Homes program, is designed to create affordable housing opportunities for NJ FamilyCare members who are either homeless, at risk of homelessness, or currently living in institutional settings.

$95 Million for Healthy Homes: Housing for Medicaid Members

Roku is a crucial revenue-bearing intermediary between consumers and streaming services. As such, it’s not necessarily vulnerable to the streaming industry’s stagnating growth. The company may be ideally positioned for the ongoing wind-down of cable TV and the growth of free, ad-supported streaming channels. Roku is on the...

1 Growth Stock Down 87% to Buy Right Now

Redbox, the iconic movie rental company with over 34,000 locations nationwide, has announced the closure of its operations following its parent company's filing for Chapter 11 bankruptcy. This decision has left many of its loyal users saddened, marking the end of an era for physical media enthusiasts.

A rental company with 34,000 locations has closed its doors

Meta Platform's current market cap is $1.2 trillion, meaning its stock would need to grow roughly 67% to reach $2 trillion. The company leverages its immense user base to generate billions in net income and free cash flow. On a price-to-free-cash-flow basis, this social media giant appears undervalued compared to...

This Undervalued Stock Could Join Amazon in the $2 Trillion Club

Ayaneo’s Retro Power Bank isn’t the most powerful portable charger, but it is the first to wrap a 12,000mAh lithium battery in a miniature homage to the Japanese version of the Super Nintendo. And it’s now finally listed in the company’s online store for $39.99. The...

Here’s a 12,000mAh power bank cosplaying as a Super Famicom

TheStreet

Her flagship Ark Innovation ETF has slumped 11% year to date.

Cathie Wood unloads $8 million of surging tech stock

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

NewsBreak

Spotify’s growth continues its upward crawl.

Monthly active users increased by 14 percent year-over-year to 626 million, but 5 million...

Spotify’s growth continues its upward crawl.

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