{"id":950884,"date":"2025-07-30T06:47:42","date_gmt":"2025-07-30T01:17:42","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=950884"},"modified":"2025-07-30T06:52:07","modified_gmt":"2025-07-30T01:22:07","slug":"spotify-forecasts-profit-below-estimates-on-higher-taxes-shares-sink","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/30\/spotify-forecasts-profit-below-estimates-on-higher-taxes-shares-sink\/","title":{"rendered":"Spotify forecasts profit below estimates on higher taxes, shares sink"},"content":{"rendered":"<p>Spotify forecast third-quarter profit below Street estimates on Tuesday as higher taxes related to employee salaries outweigh upbeat demand for its premium music-streaming plans. <\/p>\n<p>The company&#8217;s shares, which have risen around 57% so far this year, fell nearly 9% in premarket trading. <\/p>\n<p>Investors are closely monitoring the Swedish company&#8217;s profitability after price hikes, cost cuts and subscriber gains in recent years helped it achieve its first annual profit in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spotify forecast third-quarter profit below Street estimates on Tuesday as higher taxes related to employee salaries outweigh upbeat demand for its premium music-streaming plans. The company&#8217;s shares, which have risen around 57% so far this year, fell nearly 9% in premarket trading. Investors are closely monitoring the Swedish company&#8217;s profitability after price hikes, cost cuts and subscriber gains in recent years helped it achieve its first annual profit in 2024.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58,4,10],"tags":[],"class_list":["post-950884","post","type-post","status-publish","format-standard","hentry","category-broadcasting-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/950884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=950884"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/950884\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=950884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=950884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=950884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}