In Q3 2026, Spotify grew to 306 million Premium Subscribers, with growth across every region, and reached 788 million Monthly Active Users, while our Gross Margin and Operating Income came in ahead of expectations. They continued to add value for listeners, artists, creators, and authors by expanding Audiobooks to more than 180 markets by year end, bringing the Spotify Partner Program to 35 more markets, and launching Creator Memberships.
Alex Norström, Co-CEO, said: “This was a quarter where we did what we said. We’ve built a strong business that keeps compounding, we invest when we see a path for growth, our costs are moderating, and there is more runway ahead…Spotify not only enjoys industry-leading engagement, but we also have the most passionate and engaged music, podcast and book fans in the world on our platform. That’s why we continue to grow and take share. Every time we expand what’s on Spotify, we bring in new listeners and give existing ones more reasons to come back, almost every day.”
Gustav Söderström, Co-CEO, said: “Spotify is in one of the few categories that actually stands to thrive in the agentic age. This is because agents excel at replacing and taking care of things people would rather not do. People love getting rid of chores. But entertainment is the opposite. Nobody asks an agent to “summarize a song” for them. The whole point of getting rid of those chores is to free up even more time for the things that you actually enjoy.”
Q3 2026 Earnings Results:
-
- Premium Subscribers grew 9% Y/Y to 306 million
- Monthly Active Users (MAUs) rose by 11% Y/Y to 788 million
- Total Revenue increased 16% Y/Y (14% Y/Y constant currency*) to €5.0 billion
- Gross Margin improved by 136 bps Y/Y to 33.0%
- Operating Income reached €672 million
