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Prof G Markets

Spotify’s First Year of Profitability + Is Google Losing its Edge?

10 Feb 2025

Description

Scott and Ed open the show by discussing Disney, Novo Nordisk and Uber’s earnings. Then they break down Spotify’s results and discuss Chappell Roan’s Grammy speech criticizing the music industry. Scott outlines how she could drive real impact in the industry, while Ed explains why he doesn't think Spotify is to blame for the struggle of artists. Finally, they unpack Google’s earnings, with Scott highlighting the biggest red flag for shareholders and Ed explaining why he remains bullish on the company. Subscribe to the Prof G Markets newsletter  Order "The Algebra of Wealth," out now Subscribe to No Mercy / No Malice Follow the podcast across socials @profgpod: Instagram Threads X Reddit Follow Scott on Instagram Follow Ed on Instagram and X Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Transcription

Full Episode

1.727 - 14.515 Scott

Buying a house has long been considered the best way to build wealth and move into true adulting. Isn't it? I mean, at least that's what society wants us to think. Gotta get a Birkin, gotta get a home, you know.

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15.035 - 32.839 Scott

Okay, the handbag you can probably manage without. But what about a house? Surely that's actually good, right? We're going to find out this week on Explain It To Me. New episodes every Sunday morning, wherever you get your podcasts.

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35.919 - 57.786 Peter Kafka

Hey, this is Peter Kafka. I'm the host of Channels, a podcast about technology and media and how they're both changing all the time. And this week, I'm trying to figure out how Donald Trump is changing the media in Washington, in the courtroom, and in the boardroom. On to help me figure it all out is Sarah Fisher, the excellent Washington-based media reporter for Axios.

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58.686 - 62.707 Peter Kafka

That's this week on Channels, wherever you get your favorite podcasts.

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65.578 - 86.865 Scott

Today's number, $8 million. That's how much a 30-second ad spot on the Super Bowl cost this year, an all-time record. Ed, nothing says American exceptionalism like four hours of beer, boner pill ads, and men giving each other CTE for our entertainment. It's essentially Rome, but instead of Lions, we have Taylor Swift, Ed. We have Taylor Swift.

86.885 - 94.508 Guest

1977, no me diga no, me lo presiento. Todo lo que cambia lo es.

97.99 - 105.834 Scott

Welcome to Property Markets. That was sort of a thoughtful Super Bowl-themed intro. Banter. Super Bowl. Do you care?

106.054 - 117.739 Ed

No, I don't care at all, actually. And this is the first year I've decided I'm just not watching. I feel like I'm always watching because I feel like I have to. But I've just decided, you know what? I'm not interested in the NFL. I'm not going to watch this year.

118.339 - 129.23 Scott

Are you watching? I don't even know who's in the... Claire, do you know who's in the Super Bowl? By the way, Claire, I have a... Oh my God, I just realized. You're in my house, Claire. I literally thought she has the same climbing wall I have.

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