Spotify reported a rise in first-quarter revenue on Tuesday, as its global user base continued to expand, reaching 761 million monthly active users (MAUs).
The figure slightly exceeded the company’s guidance of 759 million MAUs, while its number of paying subscribers climbed to 293 million, in line with expectations.
“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 co-chief executive Alex Norstrom.
The company has undergone a leadership transition following the departure of founder Daniel Ek as chief executive at the start of 2026. Ek handed over leadership to co-CEOs Norstrom and Gustav Soderstrom, while remaining actively involved as executive chairman.
Financially, Spotify posted first-quarter revenue of 4.5 billion euros (approximately $5.3 billion), marking an eight percent increase compared to the same period last year. Operating income rose sharply by 40 percent to 715 million euros, reflecting improved profitability.
Looking ahead, Spotify projected continued growth, forecasting 778 million monthly active users and 299 million paying subscribers by the end of April.
The latest results underline the company’s sustained momentum in the highly competitive global music streaming market.
