Earnings ·
Spotify posts €1.8B net income on €14.3B revenue as share repurchases accelerate to €851M
SPOTSpotify Technology S.A.
Spotify Technology S.A. reported interim financial results for the nine months ended September 30, 2026. Revenue increased 12.9% year-over-year to €14.3 billion, while net income attributable to owners of the parent rose to €1.8 billion from €1.0 billion in the prior period. Diluted earnings per share reached €8.54 compared to €4.93 previously. The company repurchased ordinary shares totaling €851 million during the first nine months of 2026, a significant increase from the €58 million spent in the same period last year. Additionally, Spotify repaid €1.3 billion of its Exchangeable Notes. Operating income grew to €2.0 billion, supported by strong top-line growth and disciplined expense management. The company operates in the digital audio streaming industry.