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The audio streaming giant reported its third-quarter results.

Spotify co-CEOs Alex Norström, and Gustav Söderström speak onstage at the Spotify Investor Day on May 21, 2026 in New York City. Bryan Bedder/Getty Images

Audio streaming giant Spotify posted a third-quarter revenue gain and ended September with 306 million paying premium subscribers, up from 300 million as of the end of June. The figure compares with the company’s 305 million forecast.

Monthly active users (MAUs) grew to 788 million, up from 777 million in the previous quarter and in line with the firm’s forecast. Spotify had guided to slower MAU growth in the third quarter, pointing to changes to products in emerging countries to help the company better monetize its user bases.

Revenue growth for the quarter came in at 16 percent, or 14 percent on a constant currency basis, to get the company to €5.0 billion ($5.6 billion), matching its forecast.…