On August 4, 2026, Spotify forecasted a third-quarter operating income of €670 million ($770.97 million), slightly below Wall Street analysts' average estimate of €677.8 million, according to data compiled by Visible Alpha. This announcement followed reports of slowing user growth in major markets of Europe and North America, which led to a roughly 5% drop in Spotify's shares during premarket trading.

The company's quarterly revenue rose 14% to €4.78 billion, just under the LSEG-compiled estimate of €4.80 billion. Spotify's revenue forecast for the third quarter stands at €5 billion, slightly above estimates of €4.93 billion. The monthly active users forecast of 788 million fell short of Visible Alpha's estimate of 793.6 million, while the expected increase of 5 million premium subscribers to 305 million was largely in line with expectations.

In the second quarter, Spotify's operating income was €655 million, surpassing estimates of €639.2 million, driven by strong revenue growth and lower payroll taxes linked to the company's share price.

To counter competition from rivals such as YouTube, Netflix, and AI music startups like Udio and Suno, Spotify has launched AI-driven features including "Personal Podcasts" and new offerings like "Reserved" aimed at attracting more users.

Spotify's shares have declined approximately 16% so far in 2026.

Sources