Spotify Technology SA (SPOT) Q3 2026 (EUR): EPS 2.48 (exp. 3.15), Revenue 4.97bln (exp. 5.58bln)
Spotify reported Q3 EPS and revenue below expectations, higher-than-expected premium subscribers, and Q4 MAU guidance slightly below expectations; the report gives no explanation for the financial differences.
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Other Metrics: MAUs 788mln, +11% Y/Y. Gross Margin 33% (prev. 31.6% Y/Y) Op. Margin 13.5% (prev. 13.6% Y/Y) Total Premium Subscribers 306mln (exp. 305.15mln) Q4 Guidance: Sees MAU 818mln (exp. 819.08mln) Commentary: "Overall, we are very pleased with our performance heading into year-end and view the business as well positioned to deliver improved growth and margins in 2026".
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