Spotify Forecasts Stronger Q4 Profit as It Expands AI Features
What Happened
On October 22, 2026, Spotify forecast fourth-quarter operating profit of €820 million, above analysts' €813.4 million estimate. The company is investing in AI-powered music discovery and personalised playlists to attract listeners. It reported third-quarter operating profit of €672 million and revenue of €4.97 billion. Spotify also expects 316 million premium subscribers by year-end.
Key Takeaways
Spotify's profit forecast exceeds market expectations as it expands AI-powered listening features. However, the projected earnings and subscriber numbers are targets, and AI's direct contribution to future profits remains unproven.