Spotify announced its First Quarter 2026 earnings, marking a strong start to its Year of Raising Ambition, with continued momentum across the business and ongoing innovation on the platform, further personalizing discovery and control for users.

Q1 results were in line with or ahead of expectations across all key metrics, with robust growth in both MAUs and subscribers. The platform surpassed 760 million monthly active users and delivered its second-highest gross margin to date.

Notable highlights from the Q1 2026 results include:

• Premium Subscribers grew 9% Y/Y to 293 million
• Monthly Active Users (MAUs) climbed 12% Y/Y to 761 million
• Total Revenue increased 14% Y/Y constant currency to €4.5 billion
• Gross Margin improved by ~140 bps Y/Y to 33%
• Operating Income reached €715 million

Alex Norström, Co-CEO, said: “We surpassed 760 million MAU, delivered on the subscriber growth we aimed to achieve, and saw healthy engagement from existing users, reactivations and new users alike. Since the global rollout of our more personalized free experience, users in key markets like the US are listening and watching more days per month. All that reinforces our confidence in sustained user and subscriber growth, low churn, and continued progress on revenue and margin.”

Gustav Söderström, Co-CEO, said: “We’re well positioned because of our large, engaged user base, deep creator relationships, and years of investment in personalization and infrastructure at scale. Together, these create a platform that can take advantage of this moment and unlock entirely new growth vectors that will enable us to climb new mountains previously unimaginable. We see significant room to grow across users, formats and engagement and to expand what Spotify is and can become over time.”

Interested in knowing more? Read the full earnings release here.

Since its launch in 2008, Spotify has revolutionized music listening. Today, more listeners than ever can discover, manage and enjoy over 100 million tracks. We are the world’s most popular audio streaming subscription service with more than 761 million users, including 293 million subscribers, in 184 markets. https://newsroom.spotify.com

In Q4 2025, Spotify delivered the highest MAU net adds in its history, reaching 751 million monthly active users, alongside double-digit subscriber growth, and continued momentum across music, podcasts, and audiobooks.

Notable highlights from the Q4 2025 results include:

• Premium Subscribers grew 10% Y/Y to 290 million.
• Monthly Active Users (MAUs) climbed 11% Y/Y to 751 million.
• Total Revenue increased 13% Y/Y constant currency to €4.5 billion.
• Gross Margin improved by 83 bps Y/Y to 33.1%.
• Operating Income reached €701 million.
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Daniel Ek, Founder and Executive Chairman, said: “Today, what we’ve really built is a technology platform for audio – and increasingly, for all the ways creators connect with audiences. And this identity will matter even more going forward. The next wave of technology shifts – AI, new interfaces, wearables, new ways of interacting with content – these will reshape how people discover and experience audio and media. The hard problems ahead – in music, in podcasts, in books, in video, in live, and in things we haven’t built yet – we’re going to keep building the technology to solve them.”

Alex Norström, Co-CEO, said: “We closed out what we dubbed as the Year of Accelerated Execution with another solid quarter, delivering a strong finish to 2025. In Q4, we met or exceeded guidance across all key metrics. We marked our highest quarter ever for MAU net additions. It’s incredible to think that we now serve over three quarters of a billion people around the world.…We’re framing 2026 as the Year of Raising Ambition. We were founded to solve what felt like the impossible, and ambition has been the driving force behind our success from our earliest days. And ambition will be a guiding principle of our next chapter.”

Gustav Söderström, Co-CEO, said: “We consider ourselves the R&D department for the music industry. Our job is to understand new technologies quickly and capture their potential, which we’ve done time and again. The entire industry stands to benefit from this [AI] paradigm shift but we believe those who embrace this change and move fast, will benefit the most.”

Interested in knowing more? Read the full earnings release here.

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About Spotify:

Since its launch in 2008, Spotify has revolutionized music listening. Today, more listeners than ever can discover, manage and enjoy over 100 million tracks. We are the world’s most popular audio streaming subscription service with more than 751 million users, including 290 million subscribers in more than 180 markets. https://newsroom.spotify.com

Spotify released its Q3 2025 Earnings today, marking another quarter of what the company previously termed as the “Year of Accelerated Execution.” Spotify delivered double-digit subscriber growth, surpassed a milestone of 700 million Monthly Active Users, and achieved record profitability, while expanding their leadership in music, podcasts, and audiobooks.

Key highlights from the Q3 2025 results include:

• Premium Subscribers climbed 12% Y/Y to 281 million.
• Monthly Active Users (MAUs) grew 11% Y/Y to 713 million.
• Total Revenue increased 12% Y/Y constant currency to €4.3 billion.
• Gross Margin improved by 56 bps YoY to 31.6%.
• Operating Income reached €582 million.

Daniel Ek, Spotify Founder and CEO, said “The business is healthy. We’re shipping faster than ever. And we have the tools we need – pricing, product innovation, operational leverage, and eventually the ads turnaround – to deliver both revenue growth and profit expansion. It all comes back to user fundamentals and that’s where we are: 700 million users who keep coming back, engagement at all-time highs. We’re building Spotify for the long-term.”

In Q3, Spotify launched features and updates that continue to add value to both Free and Premium users, including an enhanced Free tier, playlist mixing tools, lossless audio, a ChatGPT integration, Messages and more. These features have made it easier for users to discover, connect, and create on the platform, while driving engagement and time spent on Spotify.

Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here.

Since its launch in 2008, Spotify has revolutionized music listening. Today, more listeners than ever can discover, manage and enjoy over 100 million tracks on Spotify. We are the world’s most popular audio streaming subscription service with more than 713 million users, including 281 million subscribers in more than 180 markets. https://newsroom.spotify.com/

Notable highlights from the Q2 report include:

● Premium Subscribers grew 12% Y/Y to 276 million, driven by strong performance in both mature and emerging markets.
● Monthly Active Users (MAUs) rose to 696 million with adding 18 million which is the second highest Q2 MAU net adds in history.
● Total Revenue grew to €4.2 billion, reflecting a solid 10% Y/Y growth.
● Gross Margin in line with guidance and reached basis points 31.5%.
● Operating Income reached €406 million, underlining the strength of Spotify’s operating model and sustained cost discipline.

Expressing his sentiments, Daniel Ek, Spotify’s Founder and CEO, said: “People come to Spotify and they stay on Spotify. By constantly evolving, we create more and more value for the almost 700 million people using our platform. This value not only benefits users but it’s attracting more people to streaming and as a result, it’s also boosted the industries of music, podcasts, and audiobooks.”
Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here.