It will be very successful when it’s fully rolled out.” Phil Nickinson/Digital TrendsĮk basically made Spotify out to be the anti-Twitter. “We’re rolling it out slowly just to make sure that we have performance dialed up and that we can react to the feedback,” Ek said of the new app interface, “and we’ve already made lots of iterations with the user feedback we’ve gotten. Painfully patient, really, if you look at it from a user’s point of view. Answering a question about new features - specifically the new user interface and AI DJ - he stressed that the company is patient when it comes to new products and features. On the other hand, those services are a rounding error for their parent companies.)Īnd it’s worth noting that there wasn’t a single mention of Spotify HiFi in the Q1 earnings call.įor those who are holding out hope, however, Ek left just a smidge of daylight. (Neither of those companies gives actual numbers, and the data is messy, but industry estimates put them somewhere around half as much as Spotify. Spotify is still growing, despite Spotify HiFi still MIA, and competitors like Apple Music and Amazon Music lagging far behind. Then there’s the basic math of user count. It’s pretty safe to assume a higher-quality file will cost Spotify more to serve up, either from a licensing standpoint or from a pure streaming standpoint, (or both). (As all things do, of course.) While Spotify had a record number of monthly active users and premium subscribers, revenue actually was down 4 percent for the quarter (but up 14 percent year over year), and operating loss was at 156 million euros, or about $172 million. There’s a good (and easy) argument that it shouldn’t and that it won’t. Why Sonos Era 300 buyers should switch to Amazon Musicĭoes Spotify HiFi ever have to see the light of day? Phil Nickinson/Digital Trends Tidal CEO says hi-res lossless is coming, raising doubts about MQA What is Spotify? Music, pricing, and features explained
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