Spotify‘s Premium customers grew to 300 million in the second quarter of 2026, after the music streamer gained 7 million paying subscribers, exceeding its previous guidance.
Total monthly active users, including those on the free, ad-supported tier, stood at 777 million as of the end of Q2. That slightly undershot previous guidance of 778 million, which the company attributed to ongoing “product optimizations” in the quarter.
For Q2, the company reported revenue of €4.78 billion, up 14% and in line with its forecast. Operating income came in at €655 million and gross margin hit an all-time high of 33.4% (above previous guidance of €630 million and 33.1%, respectively). Net income was €545 million, compared with a net loss of -€86 million in the year-ago period.
Subscription revenue in the quarter grew 15% to €4.33 billion, while ad revenue inched up 1% to €446 million. Spotify said the improvement in gross margin in Q2 was driven by Premium gains (as revenue growth outpaced music costs net of marketplace programs, audiobooks costs and video podcast costs). On the ad-supported side, gains were driven by “favorable podcast and tax impacts, which more than offset music costs” and other costs of revenue.
