Reported about 7 hours ago
Spotify has launched half a million video podcasts, which have attracted over 390 million viewers, marking a 54% increase year-over-year. The company has invested in this format by enabling more creators to upload content and enhance user interaction through comments and polls. Additionally, Spotify plans to collaborate with Netflix to expand podcast distribution and expects this partnership to drive growth and awareness on its platform. Despite a strong quarterly report, investor concerns regarding its future guidance caused a dip in stock prices.
Source: YAHOO