Spotify Reports First Quarter 2026 Earnings — Spotify

Today, we introduced our First Quarter 2026 earnings, beginning the Year of Raising Ambition with robust momentum throughout the enterprise and continued innovation throughout our platform. Q1 outcomes had been consistent with or forward of expectations throughout all key metrics; MAU and subscriber progress remained robust as we surpassed 760 million month-to-month energetic customers, and we delivered our second-highest gross margin up to now.

Alex Norström, Co-CEO, stated: “We surpassed 760 million MAU, delivered on the subscriber growth we aimed to achieve, and saw healthy engagement from existing users, reactivations and new users alike. Since the global rollout of our more personalized free experience, users in key markets like the US are listening and watching more days per month. All that reinforces our confidence in sustained user and subscriber growth, low churn, and continued progress on revenue and margin.”

Gustav Söderström, Co-CEO, stated: “We’re well positioned because of our large, engaged user base, deep creator relationships, and years of investment in personalization and infrastructure at scale. Together, these create a platform that can take advantage of this moment and unlock entirely new growth vectors that will enable us to climb new mountains previously unimaginable. We see significant room to grow across users, formats and engagement and to expand what Spotify is and can become over time.”

Q1 2026 Earnings Results:

• • Premium Subscribers grew 9% Y/Y to 293 million
  • Monthly Active Users (MAUs) climbed 12% Y/Y to 761 million
  • Total Revenue elevated 14% Y/Y fixed forex to €4.5 billion
  • Gross Margin improved by ~140 bps Y/Y to 33%
  • Operating Income reached €715 million

In Q1 2026, we provide listeners much more methods to find and join with the music, podcasts, and audiobooks they love, whereas supporting creators, artists, authors and companions with extra instruments to develop on Spotify. Take a take a look at Spotify’s Q1 2026 outcomes under:

Putting Discovery and Control Directly in Listeners’ Hands

• • Shape Your Taste Profile on Spotify
    Taste Profile lets customers see how Spotify understands their style and form it themselves, giving them the flexibility to steer what they see on the Spotify homepage. This new beta function is rolling out to Premium listeners in New Zealand with extra markets to observe.
  • Prompted Playlist Expands to Podcasts and More Premium Listeners
    Prompted Playlist in beta expanded to Premium listeners throughout the US and Canada, giving them a brand new technique to describe precisely what they wish to hear utilizing their very own phrases and put significant management of the algorithm immediately of their arms. Prompted Playlists have additionally expanded past music to now embody podcasts.
  • SongDNA Reveals the Creative Connections Behind Your Favorite Tracks
    Rolling out to Premium customers globally, our new beta function, SongDNA, offers followers an immersive technique to discover the writers, producers, collaborators, samples, interpolations, and covers behind the music they love.
  • About the Song Introduces a New Way to Explore the Stories Behind the Music
    Rolling out in choose markets in beta, About the Song brings tales and context immediately into the listening expertise via quick, swipeable playing cards that discover the which means behind the music listeners are listening to.
  • Audiobook Charts Help Users Discover Their Next Great Listen
    Audiobook Charts make it simpler for listeners within the US and UK to find what’s in style and trending on Spotify, with weekly rankings of prime audiobooks general and by style.

Connecting Fans with the Artists They Love

• • Bad Bunny Brings Billions Club Live to Tokyo
    Bad Bunny made historical past along with his first-ever efficiency in Asia, taking the stage in Tokyo for a one-night-only Billions Club Live live performance to greater than 2,300 prime followers. Spotify then introduced that unforgettable night time to followers all over the world with the premiere of Billions Club Live with Bad Bunny: A Concert Film.
  • BTS and Spotify Bring ‘ARIRANG’ to Top Fans in New York City
    As a part of Spotify x BTS: SWIMSIDE, BTS took the stage at Pier 17 for his or her first US efficiency in 4 years, celebrating ARIRANG with greater than 1,000 prime native followers. After the present, the group sat down with Suki Waterhouse for a Q&A, sharing unique insights into the making of the album and their return to music.

Supporting Creators and Partners Across the Ecosystem

• • Spotify’s Loud & Clear Report Reveals a Thriving Industry
    For one other 12 months, Spotify was the highest-paying retailer globally, paying the music business greater than $11 billion in 2025 and bringing our all-time complete to almost $70 billion. Our annual report on the economics of music streaming exhibits the numerous progress and structural shifts which have reshaped the enterprise, significantly over the past decade.
  • New Formats, Tools, and Research Help Brands Become Part of the Fan Experience
    We launched new advert codecs and instruments, together with Sponsored Playlists, Carousel Ads, Split Testing, and Automated Bid, whereas sharing new analysis designed to assist advertisers faucet into and encompass fandom to drive actual outcomes.
  • Supporting Podcast Creators at Every Stage of Growth
    Through new Spotify Partner Program updates, we proceed to highlight how creators are constructing extra sustainable companies one 12 months in. We additionally celebrated a defining cultural second for podcasting as Good Hang with Amy Poehler, from The Ringer, gained the inaugural Golden Globe award for Best Podcast.
  • B-LINE Is Here to Help the US Music Community
    In partnership with Backline, we supported the launch of B-LINE, a 24/7 psychological well being and disaster help line created solely for the US music neighborhood, together with artists, their groups, and their households.

Read our full earnings outcomes here and take heed to the webcast Q&A on our Investor Relations web site here.