Spotify is forecasting higher profit than Wall Street expected, buoyed by AI

What happened: Spotify said it expects fourth-quarter operating income of €820 million and 316 million premium subscribers, a profit forecast above Wall Street expectations. Key numbers: Fourth-quarter operating income forecast: €820 million. Premium subscribers: 316 million. Why it matters: The forecast points to higher profit than analysts expected, with the company citing AI as a factor behind the outlook.

Spotify said it expects fourth-quarter operating income of €820 million and 316 million premium subscribers, a profit forecast above Wall Street expectations.

The forecast points to higher profit than analysts expected, with the company citing AI as a factor behind the outlook.