"This may sound a little cliche, but I do think that we both make each other much better," Spotify is one of three large companies to name co-CEOs in rapid succession. The day before that announcement, Comcast said Mike Cavanagh would share the CEO title with Brian Roberts, the cable and media conglomerate's longtime leader. A week earlier, Oracle said Clay Magouyrk and Mike Sicilia would split the top role, replacing Safra Catz, once a co-CEO herself, at the tech giant. Despite the burst, the setup remai ...

Core Insights - Financial giants are showing a bearish sentiment towards Spotify Technology, with 92% of traders indicating bearish tendencies and only 7% bullish [1] - The significant investors are targeting a price range of $700.0 to $730.0 for Spotify Technology over the past three months [2] Options Trading Activity - A total of 13 unusual trades were identified, with 8 puts valued at $864,528 and 5 calls valued at $559,535 [1] - The largest options trades observed include multiple bearish puts with significant total trade prices, indicating a strong bearish sentiment [8] Company Overview - Spotify is the leading global music streaming service with nearly 700 million monthly active users and over 250 million paying subscribers, primarily generating revenue from these subscribers [9] - The company also offers audiobook subscriptions and integrates podcasts within its music app, although podcast content is generally free on other platforms [9] Analyst Ratings and Price Targets - Analysts have set an average price target of $769.8 for Spotify Technology, with varying ratings from different firms [11] - Citigroup maintains a Neutral rating with a price target of $750, while JP Morgan holds an Overweight rating with a target of $805 [12] - Goldman Sachs downgraded its rating to Neutral with a target of $770, and Argus Research revised its rating to Buy with a target of $845 [12] Current Market Position - As of the latest data, Spotify's trading volume stands at 48,230, with the stock price at $707.0, reflecting a slight decrease of -0.04% [14] - The stock is currently neutral according to RSI indicators, indicating a balance between overbought and oversold conditions [14]

Core Points - Spotify's CEO Daniel Ek will transition to the role of Executive Chairman at the beginning of 2026 [4] - Co-Presidents Alex Norstrom and Gustav Söderström will become co-CEOs, reporting to Daniel Ek [4] - Both co-Presidents have been nominated to join Spotify's Board, pending shareholder approval [4]

Core Points - Spotify's CEO Daniel Ek will transition to the role of Executive Chairman at the beginning of 2026 [4] - Co-Presidents Alex Norstrom and Gustav Söderström will become co-CEOs, reporting to Daniel Ek [4] - Both co-Presidents have been nominated to join Spotify's Board, pending shareholder approval [4] Company Leadership Changes - Daniel Ek will step down as CEO and take on the role of Executive Chairman [4] - Alex Norstrom and Gustav Söderström will assume the roles of co-CEOs [4] - The leadership transition is set to take place at the start of 2026 [4] Board Composition - The new co-CEOs are nominated to join the Board of Directors [4] - Shareholder approval is required for the new Board nominations [4]

Core Insights - Daniel EK is stepping down after two decades, passing leadership to Alex and Gustaf, which has caused a stock decline of over 5% [1] - The transition is framed as a continuation of the status quo, with EK remaining involved as a visionary [1][8] Company Strategy - Spotify is exploring new avenues in audiobooks and music development, raising questions about royalty payments to musicians [2] - The company sees significant opportunities in expanding into new markets that have not fully adopted streaming services [3] Market Position - Spotify remains the largest music streaming service, but its stock has fluctuated due to heavy investments in podcasting, which initially concerned investors [5] - The stock price has seen a notable increase from $75-$80 at the end of 2022 to $689, indicating positive market sentiment [4] Financial Performance - Spotify transitioned to a loss recently after a profitable year, but there is renewed investor confidence in its ability to manage spending and profitability [6] - The outgoing leadership emphasizes leaving the company in profitable hands and maintaining involvement in day-to-day operations [6][8] Leadership Transition - Daniel EK will continue to be involved with Spotify while also focusing on new ventures and investments outside the company [7] - The new leadership team is expected to navigate challenges in the evolving music landscape and competition with platforms like YouTube [4][3]

Daniel Ek, who co-founded Spotify, will step away from the role of chief executive at the beginning of next year - Toru Yamanaka/AFP/Getty Images Spotify’s founder is stepping down as chief executive after two decades at the helm amid a growing backlash over his investments in the defence sector. Daniel Ek, who co-founded Spotify in 2006, will step away from running day-to-day operations at the Swedish streaming giant at the beginning of next year and take up the role of executive chairman. He will be r ...

Daniel Ek is stepping down as CEO of Spotify two decades after he upended the music industry with his now–$145 billion streaming juggernaut. Ek, who cofounded Spotify in 2006 in Stockholm, is not leaving the company, but rather stepping into the executive chairman role starting in January 2026 with a focus on big-picture moves and capital-allocation decisions. The company has elevated copresidents Alex Norström and Gustav Söderström to serve as co-CEOs. Norström was previously chief business officer over ...

Core Insights - Spotify's stock is currently down 2.8% to $707.60 following the announcement of CEO Daniel Ek's resignation, with co-CEOs Alex Norström and Gustav Söderström set to take over on January 1 [1] - Goldman Sachs has downgraded Spotify's stock from "buy" to "neutral" and reduced its price target from $770 to $765, citing that much of the company's value is already reflected in the stock price [2] - Despite the current decline, Spotify's stock is still up 55% in 2025, although it is 11% below its all-time high of $785 reached on June 27 [2] Trading Activity - There has been an increase in put trading over the past two weeks, with a 10-day put/call volume ratio of 1.44, ranking in the 77th percentile of the past 12 months [3] - Options are currently affordably priced, indicated by a Schaeffer's Volatility Index (SVI) of 38%, which is in the 16th percentile of its annual range, suggesting lower-than-usual volatility expectations [4]

Spotify's founder-CEO Daniel Ek will become executive chairman in January, the Swedish music streaming company said on Tuesday as it named longtime executives Gustav Soderstrom and Alex Norstrom as co... ...

Spotify (NYSE:SPOT) stock slipped on Tuesday after the company announced a management transition. The company named Gustav Söderström and Alex Norström as Co-CEOs, succeeding founder Daniel Ek, who will step down as CEO to become Executive Chairman effective January 1, 2026. Both will report to Ek and, pending shareholder approval, join the company’s board of directors. Also Read: Spotify’s Price Hikes Leverage Non-Music Content For Higher Profits The leadership change formalizes a structure Spotify ha ...