Spotify Sees 14% Revenue Growth, Hits 300M Premium Users

WHO:

Techmeme - Spotify, a music streaming service.

Variety - Spotify's Premium customers.

WHAT:

Techmeme - Spotify reported Q2 revenue of €4.8 billion, a 14% increase year-over-year.

Techmeme - Premium subscribers grew by 9% year-over-year to 300 million.

Techmeme - Monthly active users (MAUs) increased by 12% year-over-year to 777 million.

Techmeme - Spotify's net income for Q2 was €545 million.

Variety - Spotify gained 7 million paying subscribers in the second quarter of 2026.

WHERE:

Techmeme - The figures pertain to Spotify's global operations.

WHEN:

Variety - The reported figures are for the second quarter of 2026.

HOW:

Techmeme - Subscription revenue increased by 15% and ad revenue increased by 1% in Q2 2026.

(UPDATED August 4, 2026 12:44 UTC)

Spotify has announced impressive financial results for the second quarter of 2026, reporting a revenue of €4.8 billion, which marks a 14% increase compared to the previous year. The music streaming service also saw its Premium subscribers grow by 9% to reach 300 million, while monthly active users climbed to 777 million, a 12% rise year-over-year. Additionally, Spotify gained 7 million paying subscribers during this quarter, with net income hitting €545 million, driven by a 15% increase in subscription revenue and a 1% rise in ad revenue.