Spotify reported 788 million monthly active users for Q3 2026, up 11% year-over-year and in line with guidance and consensus estimates near 788-790 million. The figure reflected 11 million net additions, supported by ongoing ad-tech improvements that boosted engagement on the free tier alongside premium subscriber growth to 306 million. Revenue reached €4.97 billion, up 16% year-over-year, though it edged slightly below expectations, while gross margin expanded 136 basis points to 33% and operating income exceeded forecasts. Traders are now focused on Q4 guidance calling for 818 million MAUs as the next key data point for assessing sustained growth momentum.