Finance
Spotify Lays Out Roadmap to Higher Margins: Here’s the Plan
Spotify CEO Daniel Ek and a parade of top executives had a simple message for investors in a live-streamed presentation from New York on Wednesday (June 8): Our margins will be better. Although the company has communicated its long-term vision through quarterly earnings calls, press releases and occasional Wall Street conferences, it hasn’t gathered the investment community for a meaningful conversation since going public in 2018. “I’m not sure that journey’s very well understood,” said Ek. “And, frankly, we probably haven’t done a very good job explaining it.” Despite posting 24% revenue growth in both 2021 and the first quarter of 2022, the company’s share price is down 51.7% in 2022. As CEO, Ek’s job on Wednesday was to captain the nearly four-hour presentation communicating to investor...
Bitcoin vs Traditional Pension: Which is the Better Retirement Plan in Ivory Coast?
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Former MTN CEO Secures Funding for New Fintech Venture
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The Top Digital Banking Mega-Trends to Keep in Mind for 2023
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Ukheshe Set to Launch New Simplified Tap-on-Phone Payments Tech
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The Ledger: Music Companies That Didn’t Go Public Missed a Crucial Window
The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online. If a music company was thinking about going public last year and didn’t, it may have already missed its opportunity – at least for the foreseeable future. Since Universal Music Group went public on Sept. 21, 2021, the S&P 500 is down 5.9% and the tech-heavy Nasdaq is down 18.5%. From that date to the end of 2021, the markets rose 9.4% and 6.3%, respectively, and it looked like UMG might have left money on the table. But in 2022, stock prices turned south due to a combination of factors – namely rising interest rates and high inflation – and recession fears have multiplied. With the U.S. and other major economies on ...
Bitcoin – What Happens Next?
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The Ledger: Sony Music’s Cautious Catalog Approach & Other Investor Call Highlights
The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online. Sony’s annual investor presentation was a rare opportunity for Rob Stringer, chairman of Sony Music Group and CEO of Sony Music Entertainment, to go on record on the important financial issues of the day. Any analyst or investor listening in got some helpful insight into Stringer’s thinking about how Sony spends money and what will account for future revenue growth. Stringer’s presentation recapped Sony Music’s fiscal year ended March 31, 2022, as well as its double-digit growth over the previous five years. Revenues were up $3 billion since 2017, profit margins have improved and streaming now accounts for 70% of total ...
Talking Africa’s Fintech Explosion with Chipper Cash – ITNA Digital Innovation Podcast EP 3
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Yoco Launches New Online Payments Solutions at its Yoco Next Event
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The Ledger: How the Industry Went From Discussing Fairness to Accuracy – And Why it Matters
The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online. What a difference a decade makes. Ten years ago, most music industry conferences played like long, geeky arguments between technology companies that said they represented the future of the business and labels and publishers that wanted that future to involve getting paid. At one memorable SXSW panel, independent artists and small label owners seethed over their inability to get YouTube to permanently remove their music from user-generated videos. At MIDEM in 2010, a year before Spotify launched in the U.S., Americans heard horror stories from European executives about the platform’s minuscule royalty rates for ad-suppor...
How Bankingly is Transforming Africa’s Fintech Industry with Simple, Smart Solutions
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