Spotify Reports Q3 2026 Results: Premium Subscribers Reach 306 Million, Revenue Up 16%
Spotify reported its third-quarter 2026 results on October 22, 2026. Premium subscribers grew 9% year over year to 306 million, a net gain of 6 million in the quarter, while monthly active users rose 11% year over year to 788 million.
Total revenue increased 16% year over year (14% on a constant-currency basis) to about €4.97 billion, reported by the company as €5.0 billion, including about €4.49 billion in Premium revenue and about €482 million in ad-supported revenue. Gross margin improved by 136 basis points year over year to 33.0%, operating income reached €672 million, and free cash flow was €735 million for the quarter. Premium ARPU was €4.95.
Co-CEO Alex Norström said it was a quarter in which the company did what it said it would do, with a business that keeps compounding. For the fourth quarter, Spotify guided to 818 million monthly active users, 316 million Premium subscribers, revenue of about €5.2 billion and operating income of about €820 million. Those fourth-quarter figures are company guidance, not reported results.
Published by GSM · USA (original Chinese edition)
Photo: 图：Spotify 位于瑞典斯德哥尔摩的总部大楼（资料图）。照片：Goombah，CC0，经 Wikimedia Commons。 / Spotify headquarters in Stockholm, Sweden (file photo). Photo: Goombah, CC0, via Wikimedia Commons.
