Spotify Q3 revenue rockets 16% to €4.97 billion

• Spotify reported third-quarter 2026 revenue of €4.97 billion, up 16% year over year, while premium subscribers increased to 306 million.
• Earnings per share reached €2.48, below analysts' €2.84 estimate, while monthly active users climbed to 788 million.
• Spotify expects fourth-quarter revenue of €5.2 billion, with premium subscribers projected to reach 316 million and monthly active users to reach 818 million.

Spotify (NYSE:SPOT) reported third-quarter 2026 revenue of €4.97 billion, up 16%, as its premium subscriber base reached 306 million.

Revenue fell slightly below analysts' €4.98 billion estimate, while earnings per share of €2.48 missed expectations of approximately €2.84.

Spotify added 6 million premium subscribers during the quarter, while monthly active users increased to 788 million and gross margin reached 33%.

Operating income totaled €518 million, while premium gross margin reached 34.5% and advertising gross margin stood at 18.7%.

Spotify expects fourth-quarter revenue of €5.2 billion and projects 10 million additional premium subscribers, bringing its total to 316 million.

The company expects monthly active users to reach 818 million by year-end, with projected fourth-quarter gross margin of 33.8%.

Spotify previously reported second-quarter revenue of €4.8 billion and 300 million premium subscribers, while expanding its podcast and audiobook offerings.