Spotify added six million Premium subscribers in Q3 2026 as revenue rose 16% to €4.97 billion. The company also outlined plans to extend audiobooks to more than 180 markets by year-end.
“This was a quarter where we did what we said,” said Co-CEO Alex Norström.
Premium subscriptions grew across every region, while automated sales channels remained the largest contributors to advertising growth.
Subscriber growth and financial results
- Premium subscribers reached 306 million, up 9% year-on-year.
- Monthly active users reached 788 million, up 11% year-on-year, with 11 million net additions during the quarter.
- Revenue increased 14% in constant currency.
- Ad-supported revenue rose 10% to €482 million.
- Gross margin increased 136 basis points year-on-year to 33.0%.
- Operating income reached €672 million, exceeding expectations.
For Q4, Spotify forecasts 316 million Premium subscribers, 818 million monthly active users and revenue of €5.2 billion.
Audiobook and creator expansion
Spotify plans to expand audiobooks from 22 markets to more than 180 by the end of 2026, offering access to over 350,000 titles in more than 120 languages.
The Spotify Partner Program expanded into more than 35 additional markets. Creator Memberships launched in 34 markets, giving podcasters subscription-based revenue opportunities.
