Spotify tops 293 million premium

Spotify said on Tuesday it finished the first quarter of 2026 with 293 million Premium subscribers and 761 million monthly active users. (newsroom.spotify.com) The company said Premium subscribers rose 9% from a year earlier, while monthly active users climbed 12% to 761 million. Total revenue reached €4.5 billion and operating income hit €715 million. (newsroom.spotify.com) Spotify also said gross margin improved to 33%, about 140 basis points higher than a year earlier, giving it its second-highest gross margin to date. Co-Chief Executive Alex Norström said engagement stayed healthy across existing users, reactivations and new signups. (newsroom.spotify.com) The subscriber number matters because Spotify raised prices in the United States in 2025 and still added 3 million Premium users in what analysts and the company treat as a seasonally smaller quarter. (variety.com) (newsroom.spotify.com) Spotify is also widening what sits inside the app. On April 27, it launched a new fitness category and said Premium users in supported markets can access more than 1,400 ad-free Peloton classes. (newsroom.spotify.com) That move builds on a platform that already carries nearly 7 million podcast titles, and Spotify has been pushing more formats that keep users inside one subscription across music, podcasts, audiobooks, video and now workouts. (investors.spotify.com) (newsroom.spotify.com) Investors focused less on the quarter that just ended than on the one ahead. Spotify’s shares fell more than 13% on Tuesday after the company’s second-quarter operating-income forecast came in below Wall Street estimates. (cnbc.com) (forbes.com) Spotify said in its earnings release that it still sees room to grow “across users, formats and engagement.” Tuesday’s results showed the user engine still expanding, even as the market demanded a stronger near-term outlook. (newsroom.spotify.com)