Spotify Technology Stock News

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Spotify targets 2027 launch for AI remix service, FT reports

Spotify shares jumped 10% at $572 billion Thursday to a 10-month high as the music streaming giant hit 306 million premium subscribers in the September quarter (up 9% year on year) – one million ahead of forecasts, and with growth across all regions.

Spotify confirmed the reports of its crackdown on Family Plan sharing during its third-quarter call with investors, calling its new method “a routine improvement” to its existing verification tools.

Spotify Technology SA (NYSE:SPOT) increased revenue by 16% year-on-year to €5 billion in the third quarter, as subscriber growth and improving margins supported an operating income of €672 million. Premium subscribers rose 9% to 306 million, while monthly active users increased 11% to 788 million, with subscriber growth recorded across every region.

Spotify had a strong third quarter, reaching 788 million monthly active users and generating nearly €5 billion (around $5.6 billion USD) in revenue. But the more interesting takeaway from its earnings call was how the company sees people listening to music in the future, and why the rise of AI agents could be good news for its business.

Spotify Technology shares SPOT rose on Thursday after the music streaming company forecast fourth-quarter operating income above Wall Street expectations, supported by subscriber growth and investments in artificial intelligence-powered features. The stock gained 8.6% in trading, outperforming a broader market decline driven by renewed concerns about AI spending and technology valuations.