Core Insights - Spotify's founder and CEO Daniel Ek will transition to the role of executive chairman effective January 1, 2026, while Gustav Söderström and Alex Norström will take on co-CEO roles [1][2] - The leadership change aligns with the company's operational structure, as Söderström and Norström have been managing day-to-day operations since 2023 [2][3] - Spotify is undergoing a significant business model overhaul, focusing on profitability and AI-driven discovery, which has led to a near-doubling of its stock price over the past year [4][3] Financial Performance - In Q2, Spotify reported revenue of €4.19 billion ($4.86 billion), which was below the consensus estimate of €4.27 billion, and an adjusted loss of €0.42 ($0.49) per share [5] - User growth remains strong, with monthly active users increasing by 11% year-over-year to 696 million and premium subscribers rising by 12% to 276 million [6] - Despite the earnings miss, Ek expressed confidence in Spotify's long-term trajectory, anticipating 2025 to be a standout year as previous initiatives take effect [7]

The Spotify founder will transition to executive chairman, with Gustav Söderström and Alex Norström taking over as co-CEOs. ...

Spotify announced on Tuesday that founder Daniel Ek will step down as chief executive officer at the start of 2026, transitioning to the role of executive chairman. The move will mark the end of his f... ...

Spotify’s founder and chief executive Daniel Ek is leaving the music-streaming company’s top role, and his two lieutenants will become co-CEOs starting Jan. 1 https://t.co/qlHUgzodBn ...

Why Spotify CEO Daniel Ek Is Stepping Down After Nearly Two Decadeshttps://t.co/YNa6AFFqOu https://t.co/UhAf4pmh7i ...

The audiostreaming platform's founder, who will become executive chairman, plans to hand top role to two deputies. ...

(Adds dropped first names in 15th paragraph) By Jaspreet Singh and Supantha Mukherjee (Reuters) -Spotify founder-CEO Daniel Ek will step down to become executive chairman in January, the Swedish streaming company said on Tuesday as it adopts a new co-CEO structure in its strategy to fend off rivals and shore up its profit margin. Billionaire Ek, who built Spotify into a rare global consumer technology leader from the region, will step back from day-to-day business as the company charts out its plan to k ...

Spotify said on Tuesday its founder-CEO Daniel Ek will shift to executive chairman role from January 1, while Gustav Soderstrom and Alex Norstrom will become co-CEOs. ...

STOCKHOLM & NEW YORK--(BUSINESS WIRE)--Today, Spotify (NYSE: SPOT) announced that Founder and Chief Executive Officer Daniel Ek will transition to the role of Executive Chairman effective January 1, 2026. The company also announced Gustav Söderström, co-President and Chief Product and Technology Officer, and Alex Norström, co-President and Chief Business Officer, as its co-Chief Executive Officers. They will report to Daniel Ek and will also serve on the company's Board of Directors subject to. ...

STOCKHOLM & NEW YORK--(BUSINESS WIRE)--Today, Spotify (NYSE: SPOT) announced that Founder and Chief Executive Officer Daniel Ek will transition to the role of Executive Chairman effective January 1, 2026. The company also announced Gustav Söderström, co-President and Chief Product and Technology Officer, and Alex Norström, co-President and Chief Business Officer, as its co-Chief Executive Officers. They will report to Daniel Ek and will also serve on the company's Board of Directors subject to. ...