Market News AIOpen the app

Spotify had a great third quarter, and experts are boosting their price predictions because of good AI news.

ResultsRead the original at Benzinga
Good for SPOT

Spotify saw faster premium subscriber growth and ad sales in Q3, with users growing across regions. Sales and operating income matched analyst expectations, but stronger user growth and new products favor the company.

SPOT · Spotify Technology

AI read · Good for SPOT

The AI's read

More paying listeners and faster ad sales give Spotify more ways to earn from its audience. Audiobooks and AI features could also help attract listeners and create new ways to earn. Still, sales and operating income matched analyst expectations, and the fourth-quarter forecast was broadly in line. Faster user growth and ad sales make the company’s business picture more favorable despite that lack of surprise.

Get alerts for SPOT

Follow Spotify Technology (SPOT) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for SPOT
Free on the App Store and Google Play, or on the web.