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Spotify rises after upbeat profit forecast

By Reuters News13:21 (UTC), 22 October 2026 Updated

** Shares of audio streaming giant Spotify SPOT.N rise about 7% to $562.03 in premarket trading

** Co forecasts fourth-quarter operating income of 820 million euros ($918.73 million), above analysts' average estimate of 813.4 million euros, according to data compiled by LSEG

** Spotify expects to add about 10 million premium subscribers in the fourth quarter, bringing the total to 316 million, ahead of analysts' expectations of 314.7 million

** Spotify has built a business that "keeps compounding", with costs moderating and further growth runway ahead, co-CEO Alex Norstrom says

** Up to last close, stock had fallen ~10% this year

($1 = 0.8925 euros)

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