Music streaming platform Spotify Technology S.A. (NYSE: SPOT) reported a net loss for the final three months of fiscal 2021, despite a double-digit increase in revenues.
The Sweden-based company reported total revenues of €2.69 billion for the fourth quarter, which is up 24% from the year-ago period. The top-line also beat Wall Street’s estimates. It had around 406 million monthly active users at the end of the quarter, which is up 18% from the prior-year period. There was a 16% increase in the number of premium subscribers.
Despite the positive top-line performance, the company incurred a net loss of €39 million or €0.21 per share in the fourth quarter, compared to earnings of €2 million in the year-ago period.
Trxade Health Inc. (NASDAQ: MEDS) is an online pharmaceutical marketplace that provides a platform for independent pharmacies to operate more effectively. The company’s digital platform helps optimize drug procurement and
It is estimated that the size of the global chip manufacturing equipment market would nearly double from the current levels to about $142 billion in the next eight years. Applied
Shares of Take-Two Interactive Software (NASDAQ: TTWO) were down over 2% on Friday. The stock has dropped 32% year-to-date and 35% over the past 12 months. Earlier this week, the