Spotify announced its first quarter 2026 earnings, marking a strong start to the company's Year of Raising Ambition. The platform demonstrated continued momentum across its business operations and ongoing innovation, further personalizing discovery and control for users. Q1 results aligned with or exceeded expectations across all key metrics, with robust growth in both monthly active users and subscribers.
Key Financial and User Metrics
The platform surpassed 760 million monthly active users and delivered its second-highest gross margin to date. Notable highlights from the Q1 2026 results include:
- Premium Subscribers grew 9% year-over-year to 293 million
- Monthly Active Users (MAUs) climbed 12% year-over-year to 761 million
- Total Revenue increased 14% year-over-year on a constant currency basis to €4.5 billion
- Gross Margin improved by approximately 140 basis points year-over-year to 33%
- Operating Income reached €715 million
Co-CEO Statements
Alex Norström, Co-CEO, said: "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, said: "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."
For more details, the full earnings release is available online. Tags: Spotify Earnings, Q1 2026, Streaming Industry, Revenue Growth, Subscribers, Tech Companies
