Overview
- Q3 revenue reached €4.27 billion, topping the ~€4.23 billion consensus and rising 7% year over year.
- Monthly active users grew to 713 million, above expectations, while premium subscribers rose 12% to 281 million, in line with forecasts.
- Spotify projected Q4 operating income of €620 million, slightly ahead of the ~€618.6 million Wall Street estimate.
- The company guided Q4 revenue to €4.5 billion, below the ~€4.57 billion consensus, with targets of 745 million MAUs and 289 million premium subscribers.
- The update arrives as Daniel Ek prepares to become executive chairman on Jan. 1, 2026, with Gustav Söderström and Alex Norström set to serve as co-CEOs.