Spotify surpasses 300 million subscribers and posts record gross margin in Q2 2026

Earnings
โดย The Motley Fool·SE·Read original
Summary · why it matters

Spotify reported second-quarter 2026 results, crossing 300 million subscribers for the first time and achieving a record gross margin of 33.4%. Revenue grew 15% year-over-year on a constant currency basis to EUR 4.8 billion, accelerating from 14% in the first quarter, while free cash flow reached EUR 797 million. The company added 7 million net subscribers, beating its guidance by 1 million, and saw ad-supported revenue grow 3%, with automated channels representing nearly 40% of that segment. Spotify also announced a new licensing deal with Merlin, bringing 30,000 independent labels into its forthcoming AI-powered covers and remixes product, and highlighted early success for its Reserved ticketing feature, which has already reserved nearly 100,000 tickets in partnership with Live Nation. Looking ahead, Spotify guided for 305 million subscribers and EUR 5 billion in revenue in the third quarter, while continuing to expect full-year margin improvement and meaningful free cash flow growth.

Impact on stocks 2

Communication Services▲ · 2 stocks
Spotify Technology SA
SPOT
▲ PositiveCapitalrelevance

Spotify reported record gross margin, strong subscriber growth, and raised guidance, all positive financial results.

Live Nation Entertainment Inc
LYV
▲ PositiveDemandrelevance

Spotify's Reserved ticketing feature with Live Nation has reserved nearly 100,000 tickets, indicating demand for Live Nation's events.

Off-coverage companies 1

Merlin NetworkPrivate± Mixed
relevance

© 2026 MarketDXNews