Spotify forecasts fourth-quarter profit above estimates on AI bets
Spotify forecast fourth-quarter profit above Wall Street estimates on Thursday, as the Swedish music streaming company bets on its AI-powered features to drive user growth in the crucial holiday season. Shares of the company rose nearly 4% in premarket tradin...
Spotify forecast fourth-quarter profit above Wall Street estimates on Thursday, as the Swedish music streaming company bets on its AI-powered features to drive user growth in the crucial holiday season. Shares of the company rose nearly 4% in premarket trading. Investors have closely watched the company’s profitability as it spends on AI to improve discovery and engagement to attract more users and fend off emerging...