Leading global music streaming platform Spotify has announced strong first-quarter financial and user growth results, with key metrics hitting or exceeding the company’s earlier projections, the firm confirmed in a statement out of its Stockholm headquarters Tuesday.
By the end of the first three months of the year, Spotify’s total monthly active users (MAUs) climbed to 761 million, edging past the company’s own guidance of 759 million. Its base of paid premium subscribers also hit 293 million, landing exactly in line with internal forecasts.
“We surpassed 760 million MAU, delivered on the subscriber growth we aimed to achieve, and saw healthy engagement from existing users, reactivations and new users alike,” said Alex Norstrom, one of Spotify’s current co-chief executives, in the official release.
The leadership structure at Spotify has shifted recently: founder Daniel Ek stepped down from the chief executive role at the start of 2026, passing day-to-day leadership to co-CEOs Norstrom and Gustav Soderstrom. Ek remains closely involved with the company, however, staying on as active executive chairman to guide long-term strategy.
On the financial side, first-quarter total revenue hit 4.5 billion euros, equal to roughly $5.3 billion U.S. dollars. That marks an 8% year-over-year increase from the same period last year. Operating income saw even steeper growth, jumping 40% annually to 715 million euros for the quarter.
Looking ahead to the near term, Spotify has laid out new near-term targets. The firm projects that by the end of the second quarter in June, it will grow its MAU base to 778 million and expand its paid subscriber count to 299 million.