Tag: Q2

Today, we announced our Second Quarter 2026 earnings, and with them a milestone no audio streaming service has ever reached: 300 million Premium Subscribers. In Q2, our revenue growth accelerated, gross margin hit an all-time record, and we continued to ship features that deepen how fans discover, create, and connect on Spotify, while supporting artists, creators, authors, and partners.

Alex Norström, Co-CEO, said: “We have a scale that few companies in history have reached, a business that is healthy and compounding, and opportunities only we are positioned to pursue. Spotify lives across your whole day — the commute, the workout, studying, gaming, the dinner table, and sleep. At our scale, that is rare…Our position gives us an opportunity space as wide as our users want it to be.”

Gustav Söderström, Co-CEO, said: “Investor Day described where we believe Spotify is going in the future. This quarter demonstrated that we are already building that future: better engineering, faster shipping, new products and new ways for users to engage. We are still in the very early stages of what is possible and will continue to have a high bar for investments…Our job remains the same: understand the technology early and deeply, and turn it into something people love. Creating value for our stakeholders.”

Q2 2026 Earnings Results:

• • Premium Subscribers grew 9% Y/Y to 300 million
  • Monthly Active Users (MAUs) climbed 12% Y/Y to 777 million
  • Total Revenue increased 14% Y/Y (15% Y/Y constant currency*) to €4.8 billion
  • Gross Margin improved by ~193 bps Y/Y to 33.4%
  • Operating Income reached €655 million

More Personalized Ways to Discover, Create and Listen

• • Leveling Up Your Podcast Experience with Personal Podcasts
    Personal Podcasts lets listeners generate and schedule short audio episodes tailored to their interests and listening habits, which other users cannot access. The experience is now rolling out in beta to eligible Premium users in the U.S.
  • Create, Control, and Personalize Your Listening with Studio by Spotify Labs
    Studio by Spotify Labs is a standalone desktop app that understands your Spotify taste across music, podcasts, and audiobooks, while also drawing on world knowledge to help you find the audio you want. It is now beginning a gradual rollout as a research preview.
  • DJ Is Expanding With Four New Languages and More Markets
    We’re bringing DJ to new markets and introducing four new languages: French, German, Italian, and Brazilian Portuguese, growing its presence to more than 75 markets worldwide.
  • Talk to Spotify: A More Personal Way to Ask, Discover, and Listen
    Eligible Premium users can now talk to Spotify across Home and Now Playing view on mobile. By typing or speaking directly in the app, you can have a back-and-forth conversation to choose what’s playing, learn about the music you love, revisit your listening history, and go deeper on podcasts and audiobooks, all without leaving Spotify.
  • Running Mode Brings Personalization to Your Workout
    We’re introducing Running Mode, a new personalized running experience that transforms playlists into running sessions tailored to your goals, music taste, and tempo. Whether you’re training for a race, heading out for an easy jog, or just want a more motivating walk, Running Mode helps you spend less time hunting for the right music and more time moving.

New Audio Experiences for Readers

• • Bringing Long-Form Magazine Articles to Audio
    Over 650 long-form magazine articles are available in English language to users where audiobooks are available. The curated collection produced by our team gives listeners in supported markets another way to go deeper on the artists, stories, and topics they care about. Articles are included within Premium users’ monthly audiobooks allowance.
  • Audiobooks+ Expands With New Add-On Tiers
    Building on an offering that’s already reached one and a half million subscribers, we’re expanding Audiobooks+ with new add-on tiers for our most engaged users, launching soon. Later this year, we’re bringing Audiobooks+ to Family and Student plans so the entire household can share stories together.

Connecting Fans, Creators and Artists, On and Offline

• • Reserved by Spotify
    We hold two concert tickets for an artist’s most dedicated fans to purchase before the general sale opens. Since launching in the U.S. in June with Live Nation, Reserved has supported multiple tours, with nearly 100,000 tickets reserved through Spotify. You show up for the artist on Spotify; we show up for you with tickets. Live in the U.S. and available to eligible Spotify Premium subscribers.
  • Olivia Rodrigo Brings Billions Club Live to Barcelona
    We brought 1,500 of Olivia Rodrigo’s top fans together in Barcelona for her first live concert featuring songs from her new album. The full concert film is now streaming exclusively on Spotify.
  • Spotify 20: Your Party of the Year(s)
    To celebrate 20 years of Spotify, we surprised fans with a mobile-only in-app experience, giving them a playful, nostalgia-driven look back at their music listening history. It revealed the moments that have defined their time with us through never-before-shared data. Almost 100 million people engaged in the first six days, helping drive our single biggest day of new subscribers ever.

Read our full earnings results here and listen to the webcast Q&A on our Investor Relations site here.

*Constant currency adjusted measures are non-IFRS measures. See reconciliation of IFRS to non-IFRS results below for additional information.