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RIL's Q4 profit flat at Rs 21k crore, revenue rises 11% to Rs 2.4 lakh crore
Credit: IndiaTimes- Published on April 22, 2024
Reliance Industries reported a nearly unchanged quarterly profit, while its revenue increased by 11% to Rs 2.4 lakh crore. This growth was driven by the robust performance of its oil & gas and oil-to-chemical (O2C) segments, as well as the rapid expansion of its retail and digital services (Jio) divisions. The company recorded a...
Video credit: Wibbitz Top Stories
Published on April 23, 2024 - 01:30
Spotify Makes Profit As Premium Subscribers Increase
Spotify Makes Profit , As Premium Subscribers Increase.
Although the company gained fewer new users
than it anticipated in Q1 2024, Spotify boasted "record strength" in profitability, 'Variety' reports. .
"Moderating marketing activity" produced "more normalized growth," Spotify said.
Compared to the same time last year,
total active monthly users grew 19%.
"Organizational change" in the form of layoffs disrupted operations as well, CEO Daniel Ek said. .
However, year-over-year
Premium customer gains were at 14%.
Q1 2024 revenue rose 19.5%,
and gross profit exceeded $1 billion. .
Weโve talked about 2024 as the
year of monetization, and weโre
delivering on that ambition, Spotify CEO Daniel Ek, via statement.
Now as weโve shifted to focus on
strong revenue growth and margin
expansion, we see a clear opportunity
to ensure we are also continuing to
grow the top of our funnel. , Spotify CEO Daniel Ek, via statement.
I feel good about the changes we
are implementing and remain very
confident in our ability to reach the
ambitious plans weโve outlined, Spotify CEO Daniel Ek, via statement
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