Spotify surpasses 760 million monthly active users

Spotify has announced its First Quarter 2026 earnings, revealing that the platform’s monthly active users (MAUs) have climbed 12% since 2025 to reach 761 million.

Premium subscribers grew by 9% year-on-year to reach 293 million, while total revenue increased by 14% year-on-year to reach €4.5 billion (around £3.9 billion).

The company has delivered its second-highest gross margin to date, up 140 basis points year-on-year to 33%. Operating income reached €715 million (around £617 million).

As well as this, in 2025, Spotify was the highest-paying music streaming retailer globally. The company paid the music industry more than $11 billion (around £8.1 billion) in 2025, bringing its all-time total to almost $70 billion (around £51 billion).

“We surpassed 760 million MAU, delivered on the subscriber growth we aimed to achieve, and saw healthy engagement from existing users, reactivations and new users alike,” said Alex Norström, co-CEO. “Since the global rollout of our more personalised free experience, users in key markets like the US are listening and watching more days per month. All that reinforces our confidence in sustained user and subscriber growth, low churn, and continued progress on revenue and margin.”

In the first quarter of 2026, Spotify expanded its services to include more ways to interact with music, podcasts and audiobooks. The new Taste Profile beta feature, currently rolling out to Premium users in New Zealand, lets users see how the platform understands their taste and shape it themselves, giving them more control over what they see on their homepage.

Prompted Playlist, another beta feature, expanded to Premium users across the US and Canada. The feature provides a tool for users to custom-generate a playlist using AI, using their own prompts, and it now includes podcasts.

SongDNA is a beta feature in the process of rolling out to all Premium users that provides details on producers, songwriters, collaborators, samples, interpolations and covers behind songs. In addition, the new About the Song feature, which is rolling out to select markets in beta, allows users to discover the stories and contexts behind the songs they are listening to through swipeable cards.

Spotify also launched its new UK and US audiobook charts in February.

“We’re well-positioned because of our large, engaged user base, deep creator relationships, and years of investment in personalisation and infrastructure at scale,” said Gustav Söderström, co-CEO. “Together, these create a platform that can take advantage of this moment and unlock entirely new growth vectors that will enable us to climb new mountains previously unimaginable. We see significant room to grow across users, formats and engagement and to expand what Spotify is and can become over time.”