Spotify shares surge as subscriber numbers beat guidance

10th Feb 2026 13:26

(Sharecast News) - Shares in Spotify jumped on Wall Street on Tuesday after the music-streaming platform beat its own guidance for subscriber numbers in the fourth quarter, helping the firm to smash profit forecasts.

Monthly active users totalled 751m over the final three months of 2025, up 5% over the third quarter and 11% higher year-on-year. The addition of 38m MAUs over the period was a record for a quarter and ahead of the 32m expected by the company.

Ad-supported MAUs were also 7% higher than the third quarter, while premium subscribers rose 3% to 290m, coming in some 1m ahead of guidance.

Revenues totalled €4.53bn for the fourth quarter, rising 7% from the year before, while operating income surged 47% to €701m, compared with the €620m flagged by the company.

Net profits came in at €4.43 per share, up from €1.76 the year before - well ahead of the €2.71 expected by the market.

Free cash flow fell to €834m from €877m the year before, though full-year free cash flow generation still hit a record €2.9bn.

"Overall, we are pleased with our performance heading into 2026 and view the business as well positioned to deliver growth and improving margins as we reinvest to support our long-term potential," Spotify said in an earnings release.

The stock was up 15.1% at $477.38 by 1448 GMT.