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Reuters - 2 weeks ago

China's Tencent Music revenue beats estimates on jump in paying users

UPDATE 3-China's Tencent Music revenue beats estimates on jump in paying users Adds comments on AI integration in paragraphs 2, 7-11 By Josh Ye and Samrhitha A May 16 (Reuters) - China's Tencent Music Entertainment Group 1698.HK , TME.N topped quarterly revenue estimates on Tuesday as the Spotify-like music streaming platform benefited from growth in paying users, sending its U.S.

Reuters - 2 weeks ago

China's Tencent Music beats quarterly revenue estimates

China's Tencent Music beats quarterly revenue estimates May 16 (Reuters) - China's Tencent Music Entertainment Group 1698.HK , TME.N on Tuesday reported higher revenue after five straight quarterly declines, driven by growth in paying users on its Spotify-like music streaming platform. Total revenue of the company, controlled by Chinese tech giant Tencent Holdings Ltd 0700.HK , stood at 7 billion yuan ($1.01 billion) in the quarter ended March 31, compared with analysts' estimates of 6.86 billio

Reuters - 2 weeks ago

Tiger Global Management Ups Share Stake In Alphabet, Takes In Nvidia; Dissolves In Match Group

BRIEF-Tiger Global Management Ups Share Stake In Alphabet, Takes In Nvidia; Dissolves In Match Group May 15 (Reuters) - Tiger Global Management LLC: TIGER GLOBAL MANAGEMENT LLC UPS SHARE STAKE IN ALPHABET INC TO 8.4 MILLION SHARES OF CLASS A CAPITAL STOCK FROM 3.7 MILLION SHARES OF CLASS A CAPITAL STOCK TIGER GLOBAL MANAGEMENT LLC TAKES SHARE STAKE

Reuters - 3 weeks ago

Soros Fund Management LLC Raises Share Stake In Qualcomm, Nike; Cuts In Spotify

BRIEF-Soros Fund Management LLC Raises Share Stake In Qualcomm, Nike; Cuts In Spotify May 12 (Reuters) - Soros Fund Management LLC: SOROS FUND MANAGEMENT RAISES SHARE STAKE IN QUALCOMM INC BY 50.5% TO 104,350 SHARES - SEC FILING SOROS FUND MANAGEMENT RAISES SHARE STAKE IN NIKE INC TO 166,720 CLASS B SHARES FROM 63,720 CLASS B SHARES SOROS FUND MANA

Reuters - 3 weeks ago

Judge dismisses lawsuit over Block's 'terrible' purchase of Jay-Z's Tidal

Judge dismisses lawsuit over Block's 'terrible' purchase of Jay-Z's Tidal By Jonathan Stempel May 9 (Reuters) - A Delaware judge on Tuesday dismissed a shareholder class action seeking to hold Jack Dorsey and other board members at Block Inc SQ.N liable for approving the payments company's purchase of Jay-Z's streaming service Tidal. Chancellor Kathaleen McCormick in Delaware Chancery Court said the Florida pension fund leading the case did not show that Block's directors acted in bad faith thou

Reuters - 4 weeks ago

Brazil pushes back on big tech firms' campaign against 'fake news law'

UPDATE 4-Brazil pushes back on big tech firms' campaign against 'fake news law' Adds vote on bill postponed By Anthony Boadle BRASILIA, May 2 (Reuters) - Brazil's government and judiciary objected on Tuesday to big tech firms campaigning against an internet regulation bill aimed at cracking down on fake news, alleging undue interference in the debate in Congress.

Reuters - 4 weeks ago

Tinder owner Match Group swipes left on Russia, pledging exit by June 30

Tinder owner Match Group swipes left on Russia, pledging exit by June 30 By Alexander Marrow May 2 (Reuters) - Tinder owner Match Group MTCH.O has said it will quit Russia by June 30, citing the need to protect human rights, one of many Western firms to leave since Moscow sent troops into Ukraine last year. "We are committed to protecting human rights," Match said in an annual impact report published on Monday.

Reuters - 1 month ago

Canadian Senate passes bill to compel local content on streaming giants

Canadian Senate passes bill to compel local content on streaming giants By Ismail Shakil OTTAWA, April 27 (Reuters) - Canada's Senate on Thursday passed the government's online streaming legislation after a 10-month debate over a law that will force firms like Netflix NFLX.O and Alphabet Inc-owned GOOGL.O YouTube to offer more Canadian content. Bill C-11, or the Online Streaming Act, cleared the unelected upper chamber of the Canadian parliament with 52 votes to 16 and one abstention.

Reuters - 1 month ago

Spotify investigates issues after reports of outage

UPDATE 1-Spotify investigates issues after reports of outage Adds details, background April 27 (Reuters) - Spotify Technology SPOT.N said on Thursday it was investigating some issues with its web page, following reports the audio streaming platform was down for thousands of users. There were more than 15,000 incidents of people reporting issues with Spotify, according to Downdetector, which tracks outages by collating status reports from a number of sources including user-submitted errors on its

Reuters - 1 month ago

Spotify investigating issues after reports of outage

Spotify investigating issues after reports of outage April 27 (Reuters) - Spotify Technology SPOT.N said on Thursday it was investigating some issues with its web page, following reports that the audio streaming platform was down for thousands of users. There were more than 14,000 incidents of people reporting issues with Spotify, according to Downdetector, which tracks outages by collating status reports from a number of sources including user-submitted errors on its platform.

Reuters - 1 month ago

Universal Music reiterates AI concerns as quarterly profit slumps

UPDATE 3-Universal Music reiterates AI concerns as quarterly profit slumps Updates with adjusted EBITDA figures April 26 (Reuters) - Universal Music Group UMG.AS , the label representing Drake and Taylor Swift, on Wednesday posted a slump in first-quarter core profit due to compensation expenses, and reiterated concerns over AI-made music. Core profit, or earnings before interest, taxes, depreciation and amortisation (EBITDA), slumped 43.4% in constant currency to 261 million euros ($288.04 mill

Reuters - 1 month ago

Wall St falls on mixed earnings, First Republic sinks to all-time low

US STOCKS-Wall St falls on mixed earnings, First Republic sinks to all-time low For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. First Republic plunges on $100-bln deposit flight UPS dives on bleak full-year revenue expectations Microsoft, Alphabet earnings on deck after closing bell Indexes down: Dow 0.06%, S&P 0.36%, Nasdaq 0.42% Updates prices to open, adds details By Sruthi Shankar and Ankika Biswas April 25 (Reuters) - U.S.

Reuters - 1 month ago

Wall St set to fall on mixed earnings, First Republic shares plunge

US STOCKS-Wall St set to fall on mixed earnings, First Republic shares plunge For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. First Republic plunges on $100-bln deposit flight UPS dives on bleak full-year revenue expectations Microsoft, Alphabet earnings on deck after closing bell Futures down: Dow 0.23%, S&P 0.44%, Nasdaq 0.43% Updates prices, adds analyst's comment By Sruthi Shankar and Ankika Biswas April 25 (Reuters) - Wall Street w

Reuters - 1 month ago

Futures slip on First Republic's deposit flight, mixed earnings

US STOCKS-Futures slip on First Republic's deposit flight, mixed earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. First Republic plunges on $100-bln deposit flight UPS dives on bleak full-year revenue expectations Microsoft, Alphabet earnings on deck after closing bell Futures down: Dow 0.24%, S&P 0.41%, Nasdaq 0.32% Updates prices throughout; adds details, comments By Sruthi Shankar and Ankika Biswas April 25 (Reuters) - U.S.

Reuters - 1 month ago

Spotify Technology SA Qtrly Revenue Grew 14%, Led By Subscriber Gains

BRIEF-Spotify Technology SA Qtrly Revenue Grew 14%, Led By Subscriber Gains April 25 (Reuters) - Spotify Technology SA SPOT.N : QTRLY TOTAL REVENUE GREW 14% YEAR-OVER-YEAR TO €3.0 BILLION, LED BY SUBSCRIBER GAINS : QTRLY MONTHLY ACTIVE USERS GREW BY 22% YEAR-OVER-YEAR TO 515 MILLION QTRLY PREMIUM SUBSCRIBERS GREW 15% YEAR-OVER-YEAR TO 210 MILLION

Reuters - 1 month ago

Futures slip as First Republic shares plunge, earnings roll in

US STOCKS-Futures slip as First Republic shares plunge, earnings roll in For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures down: Dow 0.46%, S&P 0.55%, Nasdaq 0.47% April 25 (Reuters) - U.S. stock index futures slipped on Tuesday as shares of First Republic Bank dived after the regional lender reported a plunge in deposits, while investors parsed through earnings reports for clues on the health of corporate America and the U.S.

Reuters - 1 month ago

Spotify's monthly active users top 500 million, beat estimate

UPDATE 2-Spotify's monthly active users top 500 million, beat estimate Monthly active users rose to 515 mln vs est 500 mln Premium subscribers rose to 210 mln vs 206 mln Q2 user growth forecast beats expectations Shares up 5% premarket Adds comments from CEO interview, shares By Supantha Mukherjee STOCKHOLM, April 25 (Reuters) - Spotify Technology SA SPOT.N has crossed the half billion mark for monthly active users for the first time, helped by the music streaming company's expansion into more m

Reuters - 1 month ago

Spotify's monthly active users rise above 500 million, beats estimate

Spotify's monthly active users rise above 500 million, beats estimate STOCKHOLM, April 25 (Reuters) - Spotify Technology SA SPOT.N on Tuesday reported first-quarter monthly active users that crossed the half billion mark for the first time helped by the music streaming company's expansion into more markets. The number of monthly active users rose to 515 million in the quarter, beating Spotify's guidance and analysts' forecasts of 500 million, according to IBES data from Refinitiv.

Reuters - 1 month ago

Bank angst echo

MORNING BID AMERICAS-Bank angst echo A look at the day ahead in U.S. and global markets from Mike Dolan Bombarded by incoming corporate earnings updates and increasingly wary of tense geopolitics, world markets appear to have turned sour again on financial stocks as the full extent of March bank stress unfolds. Shares in First Republic Bank FRC.N , one of the most hit regional banks during last month's blowup, sank 22% ahead of Tuesday's open after it said deposits plunged by more than $100 bill

Reuters - 1 month ago

Soccer-Barcelona close $1.6 billion deal to finance stadium revamp

Soccer-Barcelona close $1.6 billion deal to finance stadium revamp April 24 (Reuters) - FC Barcelona have secured a financing deal worth 1.45 billion euros ($1.6 billion) that will enable the club to renovate its iconic but outdated Camp Nou stadium and its surroundings after having renegotiated the initial terms , they said on Monday. Barcelona added that they signed the agreement with 20 investors, including Goldman Sachs GS.N and JP Morgan JPM.N .

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