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MUMBAI: Spotify reported a 16 per cent year-on-year increase in third-quarter revenue to €5 billion, as paid subscribers grew 9 per cent to 306 million and monthly active users (MAUs) climbed 11 per cent to 788 million.
The streaming platform’s gross margin improved 136 basis points year on year to 33 per cent, while operating income reached €672 million. Spotify said both metrics came in ahead of expectations.
Revenue growth was 14 per cent on a constant-currency basis.
Spotify co-CEO Alex Norström said the company was continuing to grow its business while moderating costs and investing in areas with potential for further expansion.
He added that expanding the range of content
He added that expanding the range of content available on the platform helped attract new listeners and gave existing users more reasons to return.
Spotify is widening its reach beyond music as it seeks to build engagement with podcast audiences, creators and readers.
The company plans to expand audiobook availability from 22 markets to more than 180 by the end of 2026. The move is expected to make audiobooks accessible to more than 750 million people worldwide through streaming or purchases.
Its Spotify Partner Program is also expanding
Its Spotify Partner Program is also expanding to more than 35 additional markets, opening up monetisation opportunities for eligible podcast creators. Spotify has additionally begun rolling out Creator Memberships in 34 markets, allowing eligible creators to offer exclusive content and experiences to fans.
The company has also introduced Fresh Finds Forward, a programme intended to support around 10,000 emerging independent artists each year with re
Spotify co-CEO Gustav Söderström said entertainment could benefit from the rise of AI agents because listening to music, podcasts and audiobooks is an activity people actively choose to enjoy, rather than a chore they want automated.
The company is also testing features aimed
The company is also testing features aimed at making listening more personalised. Its Taste Profile beta allows eligible Premium subscribers aged 18 and above in the US to view and influence how Spotify interprets their preferences across music, podcasts and audiobooks.
Other recent additions include Playlist Notes, which lets users add context to their playlists, and expanded managed accounts that give younger listeners a dedicated listening space under parental controls in selected markets.
Spotify’s latest results reflect growth in both its paid subscriber base and overall audience, while its expanding catalogue and creator-focused services point to a broader strategy beyond music streaming.
