Spotify Hits 306 Million Premium Subscribers as Revenue Grows 16%

Available to WrapPRO members Monthly active users for the streamer also grew 11%, accounting for 788 million users October 22, 2026 @ 4:26 AM Illustration courtesy of Chris Smith/TheWrap Spotify’s year-over-year revenue increased 16% to hit €5 billion, and diluted earnings per share came in at €2.48 Wall Street was expecting earnings of €2.84 per share and revenue of €4.98 billion Monthly active users grew 11% to hit 788 million, and Premium subscribers grew 9% to hit 306 million Spotify performed slightly better than Wall Street expectations during its third quarter earnings report, which was posted on Thursday morning. While the music streamer’s revenue was expected to be €4.98 billion for the quarter, its actual revenue came in at €5.0 billion. Both overall subscribers and Premium subscribers also saw notable lifts. Monthly active users (MAU) for the quarter came in at 788 million, an increase from the 777 million MAUs the company reported last quarter. That lift was also in line with Spotify’s expectations. However, the company’s 9% increase in Premium subscribers surpassed the streamer’s expectations for the quarter. That uptick was driven by quarter-over-quarter growth in Latin America, Europe, North America and the rest of the world. Gross margin and operating income for the quarter also came in ahead of expectations. More to come …