Spotify is just $6.8 million away from being profitable

If anyone was expecting to see Spotify’s growth tail off, then the company’s latest earnings report is chock full of disappointment. The streaming service has managed to increase the number of paying subscribers to 87 million, up from 83 million three months ago. More broadly, the platform has seen its total user numbers rise to […]

Superhero Bits: ‘Venom’ May Be the Most Profitable ‘Spider-Man’ Movie, ‘Pennyworth’ Casts Villain & More

How old is Matt Murdock on the Daredevil TV series? Who is playing the villain in the Gotham prequel series Pennyworth? Will the snap of Thanos have an impact on Marvel TV shows at all? Would you believe Venom might become the most profitable Spider-Man movie ever? Did you know Batman was almost killed at […]

Job One: Ford Creates Special Group Tasked With Developing “Profitable, Competitive” Vehicles

Ford formed a team this week, called it the “Enterprise Product Line Management (EPLM) group,” and put it to work with the company’s marketing, engineering, mobility, and product development arms to overhaul the company’s product lineup. The goal is to study what customers want and use that information to build more profitable, competitive vehicles. The […]

Elon Musk tweets Tesla will be profitable in Q3 and Q4, denying rumors of cash crunch

Elon Musk has a fairly consistent message for all the haters and doubters and gossipers and journalists and investment bankers and analysts who think Tesla is about to hit a massive financial wall: Suck it. In a tweet today, Musk again insisted that the many reports which claim that Tesla will have to raise at […]

‘Star Wars: The Last Jedi’ Tops the Most Profitable Movies of 2017

Box office reports are easy to parse through, but what about the overall net profit of a movie? And when you factor in production and marketing costs, what do the lists of highest-grossing movies really look like? According to the new reports about the 2017 most profitable movies, not too different than what you’d expect. […]

Nokia posted better-than-anticipated results in its latest earnings — and it might be profitable again by 2020

Charles Platiau/Reuters Nokia posted its earnings results on Thursday, announcing better than expected numbers, and is seemingly on track to be profitable again in two years. Its revenue stream, mainly driven by the sales of network equipment, brought in a profit increase of about 7% to €1 billion ($ 1.2 billion/£842 million). The company has […]

GM CEO Barra: Profitable, Affordable 300-Mile Electric Vehicles by 2021

– In a presentation at the Barclays 2017 Global Automotive Conference, General Motors CEO Mary Barra assured investors that the company’s next generation of electric vehicles will offer more than added driving range and model variety—they also will generate profits for GM. – “Our mission for electrification is simple,” Barra declared. “We are working to […]

GM smacks Tesla with profitable electric cars gauntlet

General Motors Co plans to launch a new family of electric vehicles in 2021 that will cost less to build and make a profit for the U.S. No. 1 automaker, Chief Executive Mary Barra told investors on Wednesday. Her plans represent a direct challenge to money-losing electric vehicle specialist Tesla Inc, which is struggling to […]