""The business is healthy. We're shipping faster than ever," Daniel Ek, Spotify founder and CEO, said in prepared remarks. "And we have the tools we need - pricing, product innovation, operational leverage, and eventually the ads turnaround - to deliver both revenue growth and profit expansion. It all comes back to user fundamentals and that's where we are: 700 million users who keep coming back, engagement at all-time highs. We're building Spotify for the long-term.""
"The company's added 5 million paid Premium subscribers, up 12% to 281 million. Overall monthly active users grew 11% to 713 million, a better-than-expected 17 million net gain. Total Spotify Q3 revenue increased 7% to €4.27 billion, while advertising revenue declined -6% (or flat year-over-year on a constant currency basis). Growth in music and podcast advertising sales - driven by growth in impressions sold - was offset by "softness in pricing and optimization of our podcasting inventory in our Owned & Licensed portfolio,""
Spotify added 5 million paid Premium subscribers, up 12% to 281 million. Monthly active users grew 11% to 713 million, a 17 million net gain. Q3 revenue rose 7% to €4.27 billion while advertising revenue declined 6% (flat on a constant-currency basis). Growth in music and podcast ad impressions was offset by softness in pricing and optimization of podcast inventory. Operating income increased 43% to €582 million and Spotify posted a €899 million net profit versus a €86 million loss year earlier. Daniel Ek will become executive chairman Jan. 1, 2026, and two co-CEOs will take over. Spotify launched 30 new features including lossless audio, a ChatGPT integration and in-app DMs.
Read at Variety
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