Spotify Investor Day Highlights: UMG AI Deal, Audiobook Interest Surges
Spotify held its Investor Day in New York City, marking the first under co-CEOs Gustav Söderström and Alex Norström. The company highlighted its new AI licensing deal with Universal Music Group and the growth of its audiobooks division. Following the presentations, Spotify's stock rose nearly 16% as it outlined ambitious goals for user growth and revenue.
- ▪Spotify's Investor Day showcased its new advertising stack and growth in audiobooks.
- ▪The company estimates that audiobooks will generate $100 million in annual recurring revenue by July.
- ▪Spotify projects that 25-30% of its user base will have premium subscriptions, with a small percentage willing to pay as much as $100 a month.
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Share on Facebook Share on X Google Preferred Share to Flipboard Share on Pinterest + additional share options added Share on Reddit Share on LinkedIn Share on Whats App Send an Email Print this article Post a Comment Share on Tumblr Streaming 5/21/2026 Spotify Investor Day Highlights: UMG AI Deal, Audiobook Interest Surges This is the company's first Investor Day under the new leadership of co-CEOs Gustav Söderström and Alex Norström. By Elizabeth Dilts Marshall, Kristin Robinson Share on Facebook Share on X Google Preferred Share to Flipboard Share on Pinterest + additional share options added Share on Reddit Share on LinkedIn Share on Whats App Send an Email Print this article Post a Comment Share on Tumblr The Spotify music streaming app is seen on a mobile phone on November 11, 2025.
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