Spotify's shares dropped more than 13% in a day following its quarterly earnings report. Although the company beat revenue and earnings per share expectations, it issued a weaker-than-expected Q2 operating income forecast of €630 million, below the anticipated €684 million. Investors were also concerned about a one-time benefit in social charges that may have inflated results. Additionally, Spotify's adoption of AI and rising competition from platforms like YouTube and Apple Music add uncertainty to its core business outlook.
Spotify has extended its "Managed Accounts" feature, allowing parents to control their children's music listening, to its free tier in the U.S., U.K., Australia, France, Germany, and the Netherlands. Previously available only to paid subscribers, thi...
Spotify has introduced a new AI-powered chat feature for Premium users in the U.S., Ireland, and Sweden, allowing interactive conversations to select music, podcasts, or audiobooks. Available on iOS and Android for users 18+, the beta release lets us...
