Friday, 24 March, 2023

Spotify Hints At Price Hike Amid Slow Growth In Ad Revenue

<p>Spotify Technology said that lackluster advertising growth had reduced third-quarter profit margins, fueling worries about how the weak global economy will affect digital advertising. After-hours trading on Spotify shares saw a 4% decline, hurt by sector-wide losses following Alphabet Inc., the parent company of Google, missing market expectations for quarterly revenue as advertisers reduced spending.</p>