latimes.com

Spotify reaches record 300 million premium subscribers as AI tool expands artist access

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Spotify said it has reached a record 300 million premium subscribers and expects premium and monthly active users to rise to 305 million and 788 million next quarter. Co-CEO Alex Norström highlighted a partnership enabling artists from Merlin’s 30,000 labels to participate in Spotify’s upcoming AI tool. Deezer reported 90,000 AI tracks uploaded daily. Spotify reported 7,302 employees and €655 million operating income.

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