Spotify CEO Floats Goal Of A Billion Subscribers, Sees Streamer Faring Better Than Most Amid Uncertainty As Stock Tumbles After Q1 Earnings
“There’s a lot of uncertainty in the world, and when volatility rises, it’s natural to ask who might be affected and how,” said Spotify CEO Daniel Ek kicking off a call with analysts. “I see Spotify faring better than most.” “People want to be entertained,” he added after first quarter earnings, “and the engagement we are seeing now suggests we are becoming even more essential to people’s lives.” Companies globally are operating amid a trade war with the U.S. launched by the administration of Donald Trump ...