Spotify has announced its 2026 first-quarter financial results, and the company reported a revenue uptick.
During the quarter, the company reported $5.2 billion in total revenue. That marks a 14% year-over-year increase.
Additionally, Spotify now features 760 million monthly active users. That marks a 12% year-over-year improvement. Its gross margin is now 33%, while its operating income is more than $835 million.
Of those active users, 293 million are premium subscribers. That’s an increase of 9% compared to the same quarter in 2025.
“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,” said Co-CEO Alex Norström. “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.”
“We’re well positioned because of our large, engaged user base, deep creator relationships, and years of investment in personalization and infrastructure at scale,” added Co-CEO Gustav Söderström. “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.”
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