Spotify Technology SA's paid music subscribers surged to 130 million in the first quarter, driving shares in the Swedish music streaming firm higher as its business model proved more resilient than expected in the coronavirus lockdowns.
Microsoft's (NASDAQ: MSFT) cloud business is booming, as work-at-home becomes the new normal amid the COVID-19 pandemic. At the same time, the rest of its operations are being hurt by the same forces driving demand for its cloud services. It's unclear which will win out, or even
I often refer to Target (NYSE: TGT) as the "good student" of retail, with annual revenue gains since 2017, strong owned brands, and growth in key areas like digital sales and grocery. But these days our good student hasn't been at the top of the class.
World shares eked out slim gains on Wednesday, with optimism over economies easing coronavirus lockdowns and rebounding oil prices leavened by a mixed picture on corporate earnings.
Spotify Technology SA on Wednesday reported a better-than-expected 31% jump in paid music subscribers to 130 million and a 22% rise in revenue in the first quarter, weathering a slowdown in ad sales due to the spread of the coronavirus.
Spotify Technology SA reported a 22% jump in first-quarter revenue on Wednesday as the music streaming company beat analysts' expectations to reach 130 million paid subscribers for its premium service.
World shares eked out slim gains on Wednesday, with optimism over economies easing coronavirus lockdowns and oil prices clawing back ground leavened by caution over corporate earnings.
Asian shares climbed to a near two-month peak on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world, better-than-expected corporate earnings and a welcome rebound in oil prices.
Nine lobbying groups including the U.S. Chamber of Commerce have urged India to delay a new digital tax that will hit firms such as Facebook and Google as they are battling the fallout of the coronavirus, a letter seen by Reuters showed.
Asian shares rose for a third session on the trot on Wednesday as investors took heart from easing coronavirus lockdowns in some parts of the world while oil prices jumped on hopes demand will pick up.
Asian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve's policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions.
The organizers of the Oscars said on Tuesday that films released only on streaming platforms or video on demand while movie theaters are closed due to the coronavirus pandemic would be eligible for Academy Awards next year.
The organizers of the Oscars said on Tuesday that films released only on streaming platforms would be eligible for Academy Awards next year because of the disruptions to the industry caused by the coronavirus pandemic.
Carrefour said on Tuesday that revenue growth accelerated in the first quarter, reflecting strong food sales in March in all its markets and notably in the core French market as people stayed at home due to coronavirus lockdowns.
Reuters
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