Paul Vogel

In a statement announcing CFO Paul Vogel’s departure, CEO Daniel Ek said that the two had “come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences.”Spotify said this week that it would be axing 17% of its global workforce, citing the need to slash costs and become profitable. About 1,500 people will lose their jobs, a spokesperson confirmed.Spotify’s chief financial officer will step down next year, according to the music streaming service, just days after it …

Spotify Technology SA SPOT 2.52% posted a better than expected rise in revenue and users for the latest quarter as the audio streaming giant turns its focus to achieving profitability.Chief Executive Daniel Ek said in an interview Tuesday that subscribers can expect price hikes for the service sometime in 2023. The premium service in the U.S. has cost $9.99 since Spotify was launched in the U.S. in 2011. Spotify has implemented dozens of…

Spotify Technology SA reported accelerated user growth and a lift in advertising revenue in the most recent quarter as the streaming giant thwarts fears that inflation and subscription fatigue are hitting consumers’ wallets.For the second quarter, Spotify reported 433 million monthly active users, a 19% lift from a year ago, topping the company’s expectations. In an investor presentation, Spotify pointed to successful marketing campaigns, reactivations in Europe and strength among Gen Z…