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Streaming music service Pandora released its third quarter earnings today – the first since the news of its impending acquisition by SiriusXM, announced in September. The company reported a quickly growing subscription business for its paid products, Pandora Plus and Pandora Premium, which brought in $125.8 million in Q3 – a figure that’s up 49 percent year-over-year.
Beijing-based ByteDance’s 2017 acquisition of tween and teen-focused social app Musical.ly is paying off. The company this year merged Musical.ly with its own short video app TikTok as a means of entering the U.S. market. Today, the result of that merger is sitting at the top of the U.S. App Store, ahead of Facebook. More importantly, it recently surpassed Facebook, Instagram, YouTube and Snapchat in monthly installs for the first time in September.
Spotify just posted another solid set of results, adding four million subscribers and beating profit and revenue estimates, yet its share price fell. What’s going on? Spotify is on track for where it should be, slightly below, but on track. Before Spotify went public MIDiA laid out three growth scenarios (low, mid, high). Our mid…
Calling founders, VCs and tech execs to join Techbikers Paris to London 2019! On July 19-21st, 70 Techbikers will be riding once again for Room to Read, to support building new schools and libraries in the developing world. Pre-register for the ride here: https://bit.ly/TBP2L or donate.