About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Spotify’s Traffic, Not Earnings is Driving the Stock Higher

Spotify’s Traffic, Not Earnings is Driving the Stock Higher

Global streaming audio platform Spotify Technology SA (NASDAQ: SPOT) stock missed top and bottom lines expectations on its fiscal Q4 2022 earnings, but Mr. Market didn’t care shares screamed higher. Spotify has an estimated 30.5% of the global music streaming market, with over 100 million songs on its platform and 449 million monthly active users (MAUs). The Company aims to be the go-to one-stop shop for audio streaming, from music and audiobooks to podcasts.

Podcasts are the fastest growing segment as revenues climbed 30% YoY. Spotify has big competitors in the audio streaming market, including Apple Inc. (NASDAQ: AAPL), Amazon.com Inc. (NASDAQ: AMZN), Alphabet Inc. (NASDAQ: GOOGL), Sirius XM Holdings Inc. (NASDAQ: SIRI), and iHeartMedia Inc. (NASDAQ: IHRT). Spotify expects to hit $100 billion in annual revenues and one billion users by 2030. The market prioritized traffic growth over profits in the last quarter as Spotify continues to evolve into a one-stop streaming audio juggernaut.

More Considerable Losses Fueled by Traffic Growth

On Jan. 31, 2023, Spotify released its fiscal fourth-quarter 2022 results for the quarter ending December 2022. Revenues rose 17.7% year-over-year (YOY) to eur3.17 billion, falling short of consensus analyst estimates of eur3.19 billion. The Company reported an adjusted earnings-per-share (EPS) loss of (eur1.40), excluding non-recurring items versus consensus analyst estimates for a loss of  (eur1.27), missing estimates by (eur0.13).

Operating loss was eur231 million due to continued growth in marketplace activity and new podcast and product investments.

Premium and Ad-Supported Revenues

Premium revenue growth was 18% YoY to eur2.717 billion. The average revenue per user (ARPU) rose 3% to eur4.55, excluding the impact of FX. Ad-supported revenue grew 14% YoY. Gross margin was 25.3%, down (-118 bps) YoY.

Ad-supported revenue grew 14% YoY, accounting for 14% of total revenues. Music advertising revenues grew mid-single digits reflecting double-digit YoY growth in impressions sold offset by softer pricing. Podcast revenues jumped 30% YoY, reflecting healthy double-digit growth. The Spotify Audience Network saw double-digit quarter-over-quarter (QoQ) growth.

Monthly Active User Growth

Total monthly active users (MAUs) grew 20% to 489 million, above its internal guidance by 10 million. India and Indonesia led outperformance in the Rest of the World (ROW). Strong growth occurred in Gen-Z listeners. Premium subscribers grew 14% YoY to 205 million, up from 195 million users. Full-year 2022 net additions were 25 million or 27 million when excluding the impact of its exit from Russia.

Spotify CEO and founder Daniel Ek commented, “So, by the end of the year, we had more than 100 million tracks on our platform, more than 5 million podcasts, and more than 300,000 audiobooks being enjoyed by almost 0.5 billion listeners. In 2021, we said that 2022 would be an investment year, and it was.” He admitted that, in hindsight, he may have overinvested, not expecting the macro environment to change so drastically. Therefore, they are focusing on tightening their spending and becoming more efficient.

Inline Guidance

For Fiscal Q1 2023, Spotify expects eur3.1 billion versus eur3.05 billion consensus analyst estimates. The Company expects MAUs to reach 500 million, and Premium subscribers will grow to 207 million.

Personalization and Relevancy are Growth Drivers

Personalization was the top trait admired most by 81% of users in a survey on Spotify. CEO Ek believes that personalization is the growth driver for Spotify. The key to retention and growth is the quality of its algorithmic recommendations to users to find more relevant content and discover new content that matches their acclivities.

The Company will continue to invest in optimizing personalization to keep members engaged and coming back for more.

 

Spotify’s Traffic, Not Earnings is Driving the Stock Higher

Weekly Rounding Bottom

SPOT peaked to form a lip line in August 2022 as shares fell from $124.67 down through the weekly market structure high (MSH) trigger under $110.07 to a low of $70.01 by October 2022. The weekly stochastic formed a divergence bottom to finally bounce through the 20-band in December 2022 as it formed a mini pup.

Shares rose through the 20-period exponential moving average (EMA) now at $93.03, triggering the weekly market structure low (MSL) on the $90.61 breakout to rise through the weekly 50-period MA at $104.37. SPOT rose towards the lip line at $124.68 to complete the rounded bottom.

From here, it can either breakout through the lip line, reverse back down, or have a moderate pullback to form a handle and break out through the lip line to complete the cup and handle pattern. Pullback supports sit at $110.58, $102.43, $95.46, and $90.61 weekly MSL trigger.

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