Spotify Stock Skyrockets After CEO Shake-Up and Bold New Moves
Spotify CEO Daniel Ek will step down on Jan. 1, 2026, becoming executive chairman as Alex Norström and Gustav Söderström take over as co-CEOs. The announcement sent shares down about 5% after a 60% gain this year. Premium subscribers rose 12% to 268 million in Q1 2025. Turkey launched an antitrust probe, and some U.S. users boycotted Spotify over ICE recruitment ads.