Spotify forecasts fourth-quarter profit above estimates on AI bets
Spotify is predicting a stellar fourth-quarter profit that could outshine Wall Street's forecasts, largely driven by its innovative AI features. The company anticipates an operating income of €820 million, well above analysts' expectations. In the previous quarter, Spotify's operating income hit €672 million, aligning with forecasts. Co-CEO Alex Norstrom highlighted the platform's robust foundation and growth potential as they continue to invest in cutting-edge technology and enhance user engagement.
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