Spotify ended its third quarter on Sept. 30, 2026, with 306 million Premium subscribers, one million above its outlook, while operating income also exceeded its target.
Spotify announced the results Oct. 22, 2026. Premium subscriptions rose 9% from a year earlier, and monthly active users totaled 788 million, an 11% annual gain that matched Spotify’s target.
The company recorded €672 million in operating income, compared with its €670 million forecast. Co-CEO Alex Norstrom said, “This was a quarter where we did what we said.”
Revenue reached €4.97 billion, and diluted earnings per share were €2.48, versus €3.28 a year earlier. Net income was €518 million, down from €899 million in the year-earlier quarter.
Spotify set its fourth-quarter operating income outlook at €820 million.
