Music streaming company Spotify (NYSE: SPOT) reported a 17% jump in Q4 revenue to €2.17Bil, helped by strength in both the Premium and Ad-supported segments. The increase in topline helped the firm cut down losses by around 40%.
Meanwhile, investors were unimpressed by a further 8% decrease in average revenue per user during the quarter. The stock fell close to 6% immediately following the announcement. The Swedish company’s shares have more than doubled in the trailing 12 months.
PayPal Holdings Inc. (NASDAQ: PYPL) reported stronger-than-expected earnings and revenues for the first quarter of 2021. Shares of the payment service provider gained during Wednesday’s extended trading session soon after
Twilio (NYSE: TWLO) reported first quarter 2021 earnings results today. Revenue increased 62% year-over-year to $590 million. GAAP net loss widened to $206 million, or $1.24 per share, compared to
Uber Technologies (NYSE: UBER) reported first-quarter 2021 financial results after the regular market hours on Wednesday. The ride-hailing company reported Q1 revenue excluding the UK accrual of $3.5 billion, up