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Spotify's Stock Price Surges on AI Music Deal and Revenue Guidance Announcement
1 day ago /
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Author：小编
On Thursday, Spotify's stock price soared by 15% following the release of its 2030 revenue guidance and the announcement of an artificial intelligence agreement with Universal Music. The company expects its annual revenue compound growth rate to exceed 10%, with a gross margin of 35% to 40%, and has set a 'North Star' goal of 1 billion subscribers and $100 billion in revenue. Co-CEO Gustav Söderström stated that the company is experiencing strong momentum, with significant growth in both free and subscription users.
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