Spotify bets on AI agents for music discovery

Spotify reported 788 million monthly active users and nearly €5 billion in revenue for Q3, but its earnings call focused on a bigger strategic shift. Co-CEO Gustav Söderström argues Spotify is well-positioned for the agentic AI era, since people still want to experience entertainment rather than have it summarized. Spotify already integrates with ChatGPT, Claude, and Meta's Muse assistant, aiming to be the music service AI agents turn to. Söderström stressed that listener data stays within Spotify's own systems rather than being shared with partner agents.