23. December 2024
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September 19, 2024
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Business & EconomyGlobal Business

Spotify global advertising revenue forecast to reach $2.1bn in 2024 as the platform focuses on winning a share of video ad budgets

8min5
Spotify’s global ad revenue will top the $2bn threshold for the first time in 2024, up 13% year-on year, with revenue rising to $2.6bn in 2026 Brands use Spotify to boost reach with Gen Z Combining video and audio formats boosts advertising sales by 66% and purchase intent by 27% Spotify has 626 million users […]
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August 16, 2023
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Business & Economy

Huawei Announces 2023 H1 Business Results

2min2
      Huawei announced its business results for the first half of 2023 today. Overall performance was in line with forecast. In 2023 H1, Huawei generated CNY310.9 billion in revenue, with a year-on-year increase of 3.1% and a net profit margin of 15.0%. The company’s ICT infrastructure business contributed CNY167.2 billion, its consumer business […]
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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.

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