They also have some monetisation options and distribute your show to some key places - notably Apple Podcasts and (sister-company) Spotify. Ish.Īt the moment their Anchor tool, allows people to create podcast channels and episodes within them, for free. When Spotify entered the space, many asked whether they would be able to fix this? And, well, er, they’ve, um, not really got there but they have created something new. Podcasts have tended to be music-free zones because of licensing restrictions. Podcasting could enable Spotify to reduce labels’ cut of its sales since they get paid based on their share of overall listening.News from Spotify’s podcast creation service Anchor, as they announce that you can now add full tracks from Spotify into your shows. Lowering costs is another reason Spotify likes podcasts. Spotify doesn’t expect to lower record labels’ share of its sales in these talks, as it did the last time, Chief Financial Officer Barry McCarthy said in an interview. Spotify is in the midst of negotiating new long-term contracts with the three major record labels, its biggest suppliers. One reason may be that Spotify doesn’t expect to get much relief from music companies. “Why are they guiding to such low gross margins?”
“This is not about the fourth quarter, it’s about the guidance,” said Anthony DiClemente, an analyst who tracks the company for Evercore ISI. Investors have been upbeat about Spotify’s prospects, sending the stock up 23 percent this year. Spotify also said its average revenue per user had fallen by 7 percent. The company’s shares sank as much as 8.9 percent to $127.05 in premarket trading Wednesday because the company forecast lower profit margins in the coming year. Margin Concernsīut investors were more concerned about Spotify’s projections for 2019. Spotify grew its user base by nearly 30 percent last year despite growing competition from Inc., Apple and Alphabet Inc.’s YouTube.
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