Spotify reaches 300 million premium subscribers in Q2

Spotify surpassed 300 million premium subscribers globally in the second quarter, marking a milestone for the audio streaming industry as the company reported strong profitability and record cash flow. The results, published on Tuesday, August 4, 2026, showed the company added 7 million net paying users in the three months ending in June, bringing its total premium subscriber base to 300 million, a figure that exceeded its own guidance by 1 million.

Total monthly active users, which include both paying and ad-supported listeners, grew to 777 million, an increase of 16 million from the prior quarter. This figure was slightly below the company's forecast of 778 million. Ad-supported monthly active users reached 494 million.

The company's revenue for the quarter was 4.78 billion euros, a 14 percent increase year-over-year. Premium revenue grew 16 percent, driven by subscriber gains and an increase in average revenue per user. Ad-supported revenue saw more modest growth of 3 percent. Operating income surged 61 percent to 655 million euros, beating company guidance, while net income was 545 million euros, a swing from a net loss of 86 million euros in the same period last year.