Spotify's shares jumped 6% after the company presented updated guidance for 2030 at its first investor day since 2022. The streaming platform forecasted a compounded annual revenue growth rate in the mid-teens and gross margins between 35% and 40%. Spotify aims to reach 1 billion subscribers and $100 billion in revenue, signaling a major growth ambition under new co-CEOs following the founder's departure. The company is also expanding beyond music streaming into audiobooks and podcasts amid industry changes driven by AI.
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...
