Audio streaming giant Spotify posted a first-quarter revenue gain and ended March with 293 million paying premium subscribers, up from 290 million as of the end of 2025. Monthly active users (MAUs) grew to 761 million from 751 million.
Management had previously forecast 293 million premium subs and 759 million MAUs.
But the audio streamer forecast second-quarter earnings and premium subscribers below Wall Street expectations, pushing the stock down about 12 percent in pre-market trading.
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Revenue growth for the quarter accelerated to 8 percent, or 14 percent on a constant currency basis, to get the company to €4.5 billion. Operating income hit at a record €715 million in the first quarter. Profitability has returned to the investor spotlight after price increases and cost cuts.
Spotify predicted operating income of €630 million ($736 million) for the second quarter, below analysts’ estimates.
Said co-CEO Alex
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