Spotify reports Q1 revenue up 14% YoY to €4.5B, MAUs up 12% YoY to 761M, above 759M est., Premium subscribers up 9% YoY to 293M, and a €715M operating income

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TLDR

  • Spotify beat user estimates in Q1 2026, growing revenue 14% and operating income to €715M.

Key Facts

  • Q1 revenue rose 14% year-over-year to €4.5B.
  • Monthly active users grew 12% YoY to 761M, above the 759M analyst estimate.
  • Premium subscribers increased 9% YoY to 293M.
  • Operating income reached €715M for the quarter.

Why It Matters

  • User growth exceeded expectations despite recent price hikes, suggesting demand held firm.
  • The €715M operating income signals continued profitability progress for the streaming company.

Ashley Carman / Bloomberg · 2026-04-28 · Read the original

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