Spotify is set to report its Q1 earnings on April 28 with analysts expecting steady revenue growth and improved gross margins driven by seasonal trends and recent US price increases. Jefferies maintains a 'Buy' rating with a $650 price target, anticipating Q2 margins to rise further. Investor focus will also be on Spotify's upcoming Analyst Day, particularly on updates about AI-driven music features and how the company plans to compete with other tech giants in AI music innovation. Demonstrating clear progress in AI integration is seen as key to maintaining competitive positioning in the evolving music streaming market.
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...
