Spotify Stock Jumps 10% on Subscriber Beat — SkimNews
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- Spotify hit 306 million premium subscribers in Q3, one million above forecasts and up 9% year on year, with growth across all regions
- Spotify reported 788 million monthly active users (MAUs), an 11% increase year on year, and guided for 10 million net ad-supported user additions in Q4
- Spotify generated €5 billion in revenue, a 16% year-on-year jump, with gross margins improving and ad sales growing 9% after two quarters of 3% growth
- Spotify co-CEOs highlighted AI integration and audiobook expansion, noting video podcast consumption has risen over 140% since launch with more than 560 million users streaming them
- Spotify launched a U.S.-only 'taste profile' feature and integrated with Meta’s Muse, allowing voice-based control of music, playlists, and content discovery
- Spotify removed over 50 million AI-generated 'slop and spam' tracks from recommendations in the past year, in addition to 75 million rule-violating spam tracks taken down from the platform
Why it matters: Spotify’s subscriber and revenue beats, combined with a bullish forecast, signal durable growth despite AI-driven content saturation, giving it leverage over creators and platforms betting on algorithmic content at scale, while its AI tools deepen user lock-in.
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