Spotify reaches milestone of 300 million Premium Subscribers while forecasting lower third-quarter profits.
Spotify reached a historic milestone by achieving 300 million Premium Subscribers in the second quarter of 2026. Co-CEO Alex Norström stated that the company's scale is rare and provides a unique opportunity to deepen how fans discover and connect with music. Despite this milestone, the company's third-quarter forecast shows a slight cooling in growth. Spotify expects operating income of €670 million ($770.97 million) for the third quarter, which is below Wall Street estimates. The company's monthly active users forecast of 788 million also fell slightly short of analyst expectations. To maintain its market position against rivals like YouTube and Netflix, Spotify is expanding its AI-based features and recently announced a new agreement with Merlin to allow artists to participate in a new paid tool for fan-made covers and remixing.