Spotify posted impressive quarterly results with premium subscribers reaching 293 million, free cash flow up 54.6% to $824 million, and operating income rising 40.47%. Despite this, shares have dropped due to concerns over a €410 million MLC lawsuit, a €975 million fair-value decline in TME, and a 5% drop in ad-supported revenue. Analysts remain optimistic, with a consensus price target of $609 and a base case of $657, citing strong earnings growth and AI-driven ARPU potential. Reaching $900 by 2027 is ambitious but achievable if earnings grow to $22 per share and legal and revenue challenges are managed.
Spotify Technology SA is forecasted to deliver steady second-quarter results, with Jefferies maintaining a positive long-term outlook and a $600 price target. The investment bank expects gross margins around 33.1%, revenue growth of 15% year-over-yea...
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...
