From Red to Black: How Spotify’s Price Hikes Led to First Profitable Year

Image Credit: Spotify

In a remarkable turnaround, Spotify has achieved its first full-year profit since its 2008 launch, marking a significant milestone in the company’s financial history. The streaming giant reported net profits of €1.14 billion ($1.17 billion) for 2024, a stark contrast to the €532 million losses recorded in the previous year. Strong User Growth Despite Price… Continue reading From Red to Black: How Spotify’s Price Hikes Led to First Profitable Year

Alphabet’s New Cloud Chip Moves in on Competitors as Spotify, Paramount Sign Up

Alphabet’s Google Cloud Axion chip, used by Spotify and Paramount, promises 60% better energy efficiency, tackling Intel and AMD in the cloud market. With unique Arm-based technology, the Axion chip is set to drive advancements in AI and streaming performance. Discover what makes this innovation a game-changer.