Spotify Hums Along in Q3, Reaching 306 Million Paid Subscribers: ‘There Is More Runway Ahead’

By Todd Spangler

Todd Spangler

NY Digital Editor

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Spotify hit the mark on all its key targets in the third quarter of 2026, as the streaming-audio giant packed on 6 million subscribers in the period — to reach 306 million — and saw healthier growth in ad revenue.

On the free, ad-supported side, Spotify added a net 11 million monthly active users to stand at 788 million as of the end of September.

For Q3, the company reported overall revenue of €4.97 billion, up 16%, “reflecting relatively consistent premium growth and improved ad-supported performance,” it said in announcing the results. Ad-supported revenue grew 10% to €482 million; Spotify said automated sales channels continued to scale and “remained the largest contributors to overall advertising growth.”

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