# Spotify third quarter 2026 financial performance > Live situation record from CLSTR: https://clstr.news/situations/spotify-third-quarter-2026-financial-performance > Updated: 2026-10-24T07:21:56.000Z. Sources: 37. Developments: 2. 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. ## Timeline ### 2026-10-24: 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. 5 sources. https://clstr.news/cluster/spotify-reports-revenue-growth-and-user-increases-in-third-quarter ### 2026-10-22: 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. 32 sources. https://clstr.news/cluster/spotify-reports-306-million-subscribers-and-497-billion-in-q3-revenue --- Cite as: Spotify third quarter 2026 financial performance. CLSTR, https://clstr.news/situations/spotify-third-quarter-2026-financial-performance