Spotify's 2026 Investor Day focused on product innovation and eased concerns about long-term margin pressure from AI. Jefferies raised its price target to $600 from $540, citing confidence in Spotify's user growth, monetization expansion, and competitive strength. New features include an AI remixing tool with Universal Music Group and a ticketing feature with Live Nation, aimed at boosting revenue per user. Spotify targets 1 billion monthly users by 2030 with strong margins, expecting growth mainly from paid add-ons and pricing strategies.
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...
