Snap shares fall as net losses continue to grow

Snapchat’s parent company Snap reported its latest quarterly financial results overnight, and the sight of its share-price plummeting tells you what the markets thought of the figures. The company’s revenues were up 153% year-on-year to $181.7m, but its net losses increased even more sharply: from $115.9m in Q2 last year to $443.1m last quarter. The […]

A year after launch, Instagram publishes new Stories stats

It’s now a year since Instagram added its (by which we mean Snapchat’s) ‘Stories’ feature, for people to share quicker, rawer photos and videos for a short period of time. 12 months on, and the feature now has 250 million daily active users, and has been one of the factors in the lustre-loss of Snapchat […]

Spotify now at 60m subscribers as it prepares new podcasts push

Spotify reached its latest milestone yesterday: 60 million paying subscribers. Reported in the Financial Times and confirmed to Music Ally by Spotify, the figure means Spotify has added 12 million paying subscribers in 2017 to date, with its last financial results revealing that it ended 2016 with 48 million. Having reached 50 million subscribers in […]

Twitter user growth stalls while revenues decline

It looks like the much-discussed Trump bump is over for Twitter, with the company’s latest quarterly financial results flashing a number of warning lights. Twitter now has 328 million monthly active users (MAUs), which is up 5% year-on-year, but there was no growth between the first and second quarters of this year. And in fact, […]

French market slips 2.3% with digital now 55% of music revenues

New figures published by French industry body SNEP show that digital is now the biggest part of the French recorded music market. In the first six months of 2017, it accounted for 55% of recorded music revenues in the country. Unlike in other major territories, streaming is not yet managing to counter the physical and […]

Lead Data Scientist Consultant (12 month consultancy contract) – Universal Music Group – London

Job title: Lead Data Scientist Consultant – 12 month consultancy contract Responsible to: Senior Director, Commercial Technologies Department: Commercial Technologies Location of work: Kensington Village Main purpose of role Key Responsibilities will include: -Product Owner and developer for “labs” prototyping area -Create algorithms and then prototype into our “Labs” for testing along with handing over […]

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