Tag: Financial Results

This week marks the end of April, a month of exciting audio-based content. Spotify reported that it now has over 500 million users, despite revenue falling short of expectations. Podcast ad revenue saw a 20% increase from last year. Spotify CEO Daniel Ek declared the platform is done with big spending on podcasting. OWN and SiriusXM renewed their collaboration, bringing their most popular shows to SiriusXM with both parties sharing the revenue. Enjoy the best audio content from two top streaming providers.

SBI Securities, the trading and investment arm of the State Bank of India, achieved remarkable growth in 2022-23 FY - with revenue +44.8% & net profit +32.2%. Their digital platform drove 3.6 million customers activation and gained 307.5% net profit growth and 236.5% total income growth in 5 years. With CEO Deepak Kumar Lalla's optimism for 25% productivity increase in FY 23-24 - SBI Securities is a great example of customer service enabled success.