{
  "id": 16041490,
  "title": "Spotify Hits 306 Million Premium Subscribers as Revenue Grows 16%",
  "url": "https://urgent.news/2026/10/22/spotify-hits-306-million-premium-subscribers-as-revenue-grows-16",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-22T11:26:09.000Z",
  "source": {
    "name": "TheWrap",
    "slug": "thewrap",
    "url": "https://www.thewrap.com/creative-content/music/spotify-earnings-q3-2026/"
  },
  "original_language": "en",
  "account": "Spotify reported a 16% increase in year-over-year revenue, reaching €5 billion, with diluted earnings per share at €2.48. Wall Street had anticipated earnings of €2.84 per share and revenue of €4.98 billion. Monthly active users grew by 11% to 788 million, while Premium subscribers grew by 9% to 306 million, surpassing Wall Street's expectations. CEO Alex Norström stated that Spotify aimed to reach 316 million subscribers by the end of the year, noting that fewer consumer subscription businesses have seen such rapid growth. The company's gross margin and operating income also exceeded expectations, with gross margin improving to 33.0% and operating income growing by 15% to €672 million. Spotify's ad business grew by 9% at constant currency, and sponsorship products are expanding, particularly in podcasts. New features, such as Taste Profiles for Premium users in the U.S. and Creator Memberships for podcasters, were introduced, along with expanded audiobooks availability in over 180 markets by 2026.",
  "summary": "Monthly active users for the streamer also grew 11%, accounting for 788 million users The post Spotify Hits 306 Million Premium Subscribers as Revenue Grows 16% appeared first on TheWrap .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}