By Wellington Jopelo
Global streaming platform Spotify has continued its upward growth, reporting a rise in both revenue and user numbers in its latest quarterly results.
The company disclosed that its monthly active users reached 761 million at the end of the first quarter, slightly exceeding its earlier projection. Its number of premium subscribers also grew to 293 million, meeting internal expectations.
The latest figures reflect steady expansion driven by new users, returning listeners, and increased engagement across its platform.
Speaking on the performance, co-chief executive Alex Norstrom said the company maintained strong momentum, noting that user activity remained healthy across different markets.
Financially, the streaming giant posted revenue of €4.5 billion for the quarter, representing an 8 percent increase compared to the same period last year. Operating income also saw a significant jump, rising by 40 percent to €715 million.
The company’s leadership structure recently changed following the transition of Daniel Ek from chief executive to executive chairman at the start of 2026. He handed over day-to-day operations to co-CEOs Norstrom and Gustav Söderström, who now oversee the company’s strategic direction.
Looking ahead, Spotify projects further growth, with expectations to reach 778 million monthly active users and about 299 million paying subscribers in the near term.
The latest results underline the platform’s continued dominance in the music streaming space, as it expands its global reach and strengthens its position in a highly competitive digital market.