Tag Archives: margins

Spotify turns a profit in Q3 as total users, gross margins beat expectations

Spotify (SPOT) reported fiscal third-quarter earnings on Tuesday that beat expectations on each the highest and backside strains, because the music streaming platform goals to enhance profitability via decreased podcasting investments and value hikes. The streaming service turned a revenue within the third quarter with internet revenue of 65 million euros ($69.1 million), or 0.33 euros per share. It is …

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Chinese commercial banks fear stimulus measures will do little to stem tide of mortgage prepayments, squeezing margins

China’s business banks are elevating questions on whether or not the central financial institution’s latest minimize to excellent mortgage charges can be adequate to carry again a flood of mortgage prepayments and assist shield financial institution margins. The Individuals’s Financial institution of China (PBOC) unveiled new steering final month requiring business banks to decrease rates of interest on excellent mortgages …

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