Founder Daniel Ek will move from his current executive duties into a newly created strategic role, overseeing long-term product and content initiatives while a successor assumes day-to-day leadership.

Spotify now expects its fourth-quarter operating profit to exceed consensus estimates, driven by improved gross margins and cost efficiencies across its Premium and advertising businesses.

The platform has rolled out expanded podcast, audiobook and interactive playlist features in recent months, contributing to sustained premium subscriber additions and higher engagement metrics.

Spotify is scheduled to release its Q4 results before the U.S. market open on Feb. 10, with investors focused on revenue growth, subscriber trends and adjusted profitability metrics.