Spotify Notches 300 Million Premium Subscribers
Get the Culture newsletter
Daily culture — film, music, books, the trends and ideas worth your attention. Free.
- Spotify's Premium subscribers reached 300 million in Q2 2026 after adding 7 million paying users, exceeding its own guidance.
- Spotify posted Q2 revenue of €4.78 billion (up 14%, in line with forecast), operating income of €655 million versus €630 million guided, and a record 33.4% gross margin versus 33.1% guided.
- Spotify swung to net income of €545 million, compared with a net loss of -€86 million in the year-ago period.
- Total monthly active users reached 777 million, slightly below the 778 million guidance, which Spotify attributed to ongoing "product optimizations" in the quarter.
- Spotify projects Q3 Premium subscribers of 305 million, total MAUs of 788 million (implying roughly 11 million net adds), revenue of €5.0 billion and operating income of €670 million.
- Spotify launched Reserved in the U.S. for early concert-ticket access to superfans and Personal Podcasts, an AI-generated audio product, alongside a new Merlin deal covering an upcoming paid fan-made covers and remixing tool.
Why it matters: Spotify beat its own guidance on Premium net adds (7 million) and gross margin (33.4% vs. 33.1% guided, a record high), while net income flipped from a €86 million loss a year ago to a €545 million profit, confirming that subscriber scale is now flowing through to genuine earnings leverage rather than just top-line growth.
