Communications Services Climb After Spotify Earnings - Communications Services Roundup

Dow Jones

02-05

Communications services companies rose amid generally strong earnings.

Spotify Technology reported its first ever full year of profitability as the Swedish streaming giant slowed spending on development of new content and recruiting of podcast celebrities.

Fox Corp., controlled by the Murdoch family, which also controls the publisher of this item, said it plans to launch a direct-to-consumer subscription streaming service that will include content from Fox News and Fox Sports by the end of 2025.

Shares of Snapchat-parent Snap rose in late trading following a strong earnings report.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

February 04, 2025 17:27 ET (22:27 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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