Spotify has 293 million premium subscribers

Spotify now has 293 million paying premium subscribers. This is according to the current business data from the Swedish streaming service. In the previous year's quarter, Spotify still had 268 million subscribers, meaning 25 million were added within a year.

The number of total users – Spotify can also be used as a free version – also increased: in Q1 2025, Spotify still had 678 million monthly active users, and in the past Q1 2026, there were 761 million. “We have achieved our growth target for premium subscribers and are seeing strong engagement,” commented Co-CEO Alex Norström on the quarterly figures. According to the Wall Street Journal, the user numbers largely correspond to analysts' expectations.

In the current quarter, Spotify expects a further increase in subscribers to reach 299 million paying users. Revenue in the past quarter was 4.5 billion euros, with Spotify reporting a profit of 721 million euros. Spotify recorded losses for years and only became profitable for the first time at the end of 2024.

Spotify stock plummets

The financial figures from the Swedish company disappointed investors: Spotify's stock fell by more than 13 percent on Wednesday. This is likely primarily due to the cautious outlook: Spotify expects an operating profit of only 630 million euros for the current quarter, according to MSN, significantly below analysts' expectations.

To get out of the loss zone, Spotify has increased prices several times in recent years. Most recently, US prices rose from $11.99 to $12.99 per month in February. In Germany, Spotify last adjusted prices in the summer of last year: the “Premium Individual” subscription has cost 13 euros per month instead of 11 euros since then. The “Duo” plan for two people costs 18 euros instead of 15 euros. The cost for the "Family" subscription, which can be used by up to six people, has increased from 18 euros to 22 euros per month.

(dahe)