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Spotify forecasts fourth-quarter profit above estimates on AI bets

Oct 22 (Reuters) - 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.

The Star MalaysiaReuters查看原文 ↗
Spotify 预计第四季度利润将高于预期,主要得益于人工智能方面的投资。

A screen displays the logo of Spotify on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023. REUTERS/Brendan McDermid

Oct 22 (Reuters) - 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.

The company expects operating income of €820 million ($920.53 million), compared with analysts' average estimate of €813.4 million, according to data compiled by ​LSEG.

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