Spotify has crossed 300 million Premium subscribers for the first time, becoming the first music streaming platform to reach the milestone as it reported its financial results for the second quarter of 2026. The company added 7 million paying subscribers during the quarter, surpassing its own guidance and taking its global Premium subscriber base to 300 million.
The streaming giant also reported continued growth in its overall user base, with monthly active users (MAUs) rising 12% year-on-year to 777 million. While the figure was slightly below analysts’ expectations, Spotify described the quarter as one of its strongest, driven by subscriber growth, improved profitability and continued investment in its platform.
For the quarter ended June 30, Spotify posted revenue of €4.78 billion (approximately $5.5 billion), up 14% year-on-year, while gross margin reached a record 33.4%. The company reported operating income of €655 million and net income of €545 million, reflecting stronger operational performance compared to the same period last year.
The milestone comes as Spotify continues expanding beyond music streaming into areas such as AI-powered discovery tools, podcasts, audiobooks and personalised listening experiences. During the quarter, the company highlighted growing engagement with AI-driven features, noting that nearly a quarter of its users are interacting with these capabilities. Spotify has also entered new licensing agreements to support AI-assisted music experiences while maintaining partnerships with rights holders.
Despite the record subscriber numbers, Spotify’s shares declined following the earnings announcement as investors reacted to a softer-than-expected outlook for the third quarter and rising operating expenses. The company said increased investments in AI development, cloud infrastructure and marketing are expected to weigh on short-term profitability as it continues building new products.
Looking ahead, Spotify expects to reach 305 million Premium subscribers and 788 million monthly active users in the third quarter of 2026. It has projected €5 billion in revenue for the period, while continuing to invest in technology and creator-focused tools to drive long-term growth.
FAQs
- How many Premium subscribers does Spotify have now?
Spotify has crossed 300 million Premium subscribers, becoming the first music streaming platform to achieve the milestone. - How many subscribers did Spotify add in Q2 2026?
The company added 7 million Premium subscribers during the second quarter of 2026. - How many monthly active users does Spotify have?
Spotify reported 777 million monthly active users at the end of Q2 2026. - Why did Spotify’s stock fall despite record subscriber growth?
Investors reacted to higher spending on AI, marketing and cloud infrastructure, along with a softer-than-expected outlook for the next quarter. - What is Spotify’s subscriber target for Q3 2026?
The company expects to reach 305 million Premium subscribers by the end of the third quarter of 2026.
