Spotify has reached another major milestone, ending the second quarter of 2026 with more than 300 million Premium subscribers for the first time in its history. The music streaming platform also reported a total of 777 million monthly active users, reinforcing its position as the world’s largest audio streaming service.
The Stockholm-based company added 16 million monthly active users during the quarter, bringing its overall audience to 777 million, up 12 percent from the same period last year. Although the figure fell just one million short of Spotify’s own forecast, the company still recorded strong growth across its platform.
Premium subscriptions continued to rise, with 7 million new paying users joining during the quarter. That pushed Spotify’s Premium subscriber base beyond the 300 million mark, a milestone the company says no other audio streaming service has achieved. Its ad-supported tier also expanded, growing 14 percent year-on-year to 477 million users.
Spotify’s financial performance reflected that momentum. Revenue increased 14 percent to €4.8 billion, in line with the company’s guidance, while operating income surged 61 percent to €655 million. Net income reached €545 million, a significant turnaround from the €86 million loss it recorded during the same period last year.
Despite the strong results, investors reacted cautiously. Spotify’s shares fell by more than 5 percent in early trading after the company released a weaker-than-expected outlook for the third quarter.
The streaming giant expects to add around 11 million monthly active users in the next quarter, projecting a total of 788 million users by quarter’s end. It also expects Premium subscribers to grow to 305 million. However, its operating income forecast came in below Wall Street expectations, raising concerns about slower growth ahead.
Spotify credited much of its recent success to its “20 Years in the App” campaign, which attracted nearly 100 million users within its first six days.
According to the company, the campaign also delivered the highest single day of Premium subscriber sign-ups in Spotify’s history.
The company also introduced Reserved in the United States, a partnership with Live Nation that gives some of its most loyal Premium subscribers early access to concert tickets, as it continues to expand the benefits tied to its paid membership.
Looking ahead, Spotify acknowledged that growth is beginning to slow in mature markets such as North America and Europe. At the same time, it is facing increasing scrutiny over AI-generated music on the platform. In response, the company has rolled out artist verification tools and optional labels for tracks created using artificial intelligence as it works to balance innovation with transparency.
