ArticleSpotify Projects Strong Q4 Earnings Amid User Surge and Subscription Price Increases
Spotify is forecasting fourth-quarter profits above analyst expectations, driven by strong user growth, recent subscription price hikes, and cost-cutting measures. The company expects operating income of €548 million ($566.2 million), marking a major turnaround after achieving its first annual profit. Spotify’s strategy includes expanding its global user base, optimizing marketing spend, and enhancing premium features like lossless audio. Shares rose over 5% following the announcement, signaling investor confidence in its profitability trajectory.
