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2 clusters · 37 sources · 3 days · First seen · Last updated

Spotify third quarter 2026 financial performance

Overview

Spotify reported strong third-quarter 2026 financial results, characterized by a 16% year-over-year revenue increase to approximately €5 billion. The company’s monthly active users grew 11% to 788 million, while its premium subscriber base rose 9% to 306 million.

Operating profit increased 15% to €672 million, supported by a record gross margin of 33.0% and lower-than-expected personnel and marketing costs. However, net profit saw a significant decline compared to the same period in 2025, with attributable net income falling to €518 million from €899 million.

Within the advertising segment, ad-supported revenue reached €482 million, a 10% increase. While automated and biddable sales channels added €91 million year-over-year, direct ad sales fell by €53 million due to a reduction in music impressions sold through that specific channel. Despite the decline in net income, Spotify’s stock rose following the report.

Entities

Gustav Söderström · Wall Street · Alex Norström · LSEG · Spotify Technology SA

Timeline

  1. [BUSINESS] 5 sources
    Spotify reports revenue growth and user increases in third quarter

    Spotify's third-quarter revenue rose 16% to nearly €5 billion, driven by user growth and a shift toward automated advertising sales, despite a decline in direct ad revenue and net income.

  2. [BUSINESS] 32 sources
    Spotify reports 16% revenue growth and 306 million premium subscribers

    Spotify's Q3 2026 results show 16% revenue growth and 306 million premium subscribers, with strong projections for Q4 driven by AI and audiobook expansion.

Sources

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