Spotify Reports Second Quarter 2026 Earnings
Karachi: Today, Spotify announced its Second Quarter 2026 earnings, becoming the first audio streaming service to reach 300 million Premium Subscribers.
The quarter delivered accelerated revenue growth and a record-high gross margin, while Spotify continued to introduce features that deepen how fans discover, create, and connect on the platform, while supporting artists, creators, authors, and partners.
Notable highlights from the Q2 2026 results include:
- Premium Subscribers grew 9% Y/Y to 300 million
- Monthly Active Users (MAUs) climbed 12% Y/Y to 777 million
- Total Revenue increased 14% Y/Y (15% Y/Y constant currency*) to €4.8 billion
- Gross Margin improved by ~193 bps Y/Y to4%
- Operating Income reached €655 million.
Alex Norström, Co-CEO, said: “We have a scale that few companies in history have reached, a business that is healthy and compounding, and opportunities only we are positioned to pursue. Spotify lives across your whole day — the commute, the workout, studying, gaming, the dinner table, and sleep. At our scale, that is rare…Our position gives us an opportunity space as wide as our users want it to be.”
Gustav Söderström, Co-CEO, said: “Investor Day described where we believe Spotify is going in the future. This quarter demonstrated that we are already building that future: better engineering, faster shipping, new products and new ways for users to engage. We are still in the very early stages of what is possible and will continue to have a high bar for investments…Our job remains the same: understand the technology early and deeply, and turn it into something people love. Creating value for our stakeholders.”
Interested in knowing more? Read the full earnings results here and listen to the webcast Q&A on Spotify’s Investor Relations site here.
*Constant currency adjusted measures are non-IFRS measures.
