Spotify Reports Third Quarter 2026 Earnings — Spotify

October 22, 2026 3 Min Read

In Q3 2026, we grew to 306 million Premium Subscribers, with growth across every region, and reached 788 million Monthly Active Users, while our Gross Margin and Operating Income came in ahead of expectations. We continued to add value for listeners, artists, creators, and authors by expanding Audiobooks to more than 180 markets by year end, bringing the Spotify Partner Program to 35 more markets, and launching Creator Memberships.

Alex Norström, Co-CEO, said: “This was a quarter where we did what we said. We’ve built a strong business that keeps compounding, we invest when we see a path for growth, our costs are moderating, and there is more runway ahead…Spotify not only enjoys industry-leading engagement, but we also have the most passionate and engaged music, podcast and book fans in the world on our platform. That’s why we continue to grow and take share. Every time we expand what’s on Spotify, we bring in new listeners and give existing ones more reasons to come back, almost every day.”

Gustav Söderström, Co-CEO, said: “Spotify is in one of the few categories that actually stands to thrive in the agentic age. This is because agents excel at replacing and taking care of things people would rather not do. People love getting rid of chores. But entertainment is the opposite. Nobody asks an agent to “summarize a song” for them. The whole point of getting rid of those chores is to free up even more time for the things that you actually enjoy.”

Q3 2026 Earnings Results:

- Premium Subscribers grew 9% Y/Y to 306 million
- Monthly Active Users (MAUs) rose by 11% Y/Y to 788 million
- Total Revenue increased 16% Y/Y (14% Y/Y constant currency*) to €5.0 billion
- Gross Margin improved by 136 bps Y/Y to 33.0%
- Operating Income reached €672 million

A More Personalized Listening Experience

- Shape Your Homepage With Taste Profile
  With Taste Profile (Beta), you can see how Spotify understands your taste across music, podcasts, and audiobooks, and directly shape what gets recommended next on your Home feed. It’s now available to Premium Subscribers ages 18 and older in the U.S.

- Managed Accounts Expand for Families On Any Plan
  Managed accounts are now available to families on Free or Premium plans, in markets including the U.S., U.K., Australia, France, Germany, and the Netherlands. Managed accounts give listeners 13 and under (or region equivalent) their own space to discover music while parents and guardians maintain control over their listening environment.

- Getting More Personal With Playlist Notes
  With Playlist Notes, you can add your thoughts and context right inside the playlists you make, and go behind the picks on some of our biggest playlists with notes from our editors.

Championing Artists, Creators, and Authors

- Audiobooks Are Going Global
  From now through the end of 2026, we’re expanding audiobook access from 22 markets to more than 180. That means more than 750 million people around the world will soon be able to stream or purchase books on Spotify, and authors can unlock new ways to reach readers around the world.

- Connect With Your Biggest Fans Through Spotify Memberships
  Memberships are now rolling out in 34 markets, giving eligible creators a new way to offer exclusive content and experiences to their fans on Spotify. Fans can build deeper connections with creators and new ways to show their support.

- The Spotify Partner Program Expands to 35+ New Markets
  The Spotify Partner Program gives eligible creators more opportunities to build successful businesses, with multiple revenue streams. This fall, we’re bringing the program to more than 35 new markets, opening the door for creators in Italy, Spain, Brazil, Mexico, Colombia, and beyond.