Spotify Technology S.A. (SPOT) Form 6-K — Oct 22, 2026
Spotify reported Q3 2026 revenue of €4,969 million, up 16% year-over-year, with operating income of €672 million and a 33% consolidated gross margin, up from 32% a year ago. Premium revenue grew 17% to €4,487 million on 306 million Premium Subscribers (+9%) and ARPU of €4.95 (+9%), while Ad-Supported revenue rose 10% to €482 million. Net income was €518 million (diluted EPS €2.48), down from €899 million a year ago, but the decline was driven by the absence of prior-year tax benefits and Exchangeable Notes fair value gains rather than operations. Nine-month net income rose to €1,784 million from €1,038 million, and Free Cash Flow reached €2,356 million.
Key figures
- Eps
- Basic €2.52 / Diluted €2.48 (Q3 2026)
- Revenue
- €4,969 million (Q3 2026)
- Guidance
- None stated
- Net Income
- €518 million (Q3 2026); €1,784 million (nine months 2026)
- Revenue Yoy
- 16% (Q3); 13% (nine months)
- Total Assets
- €14,312 million
- Cash Position
- €6,032 million cash and cash equivalents
- Shares Outstanding
- 205,425,454 outstanding (210,741,268 issued less 5,215,814 treasury)
- Mau
- 788 million (+11% YoY)
- Q3 buyback
- 700,318 shares for €318 million (US$367 million)
- Indebtedness
- None outstanding other than lease liabilities after Exchangeable Notes matured March 15, 2026
- Total liquidity
- €9,888 million (cash + short term investments)
- Ad supported mau
- 499 million (+12% YoY)
- Buyback remaining
- US$1,880 million
- Premium revenue q3
- €4,487 million (+17% YoY)
- Premium subscribers
- 306 million (+9% YoY)
- Gross margin q3 2026
- 33% (vs 32% Q3 2025)
- Premium arpu q3 2026
- €4.95 (+9% YoY)
- Ad supported revenue q3
- €482 million (+10% YoY)
- Operating income q3 2026
- €672 million
- Buyback increase aug 2026
- US$1.5 billion
- Free cash flow nine months
- €2,356 million
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.