Spotify 公布2026年第三季度财报：高级订阅用户达3.06亿，营收同比增长16%
流媒体平台 Spotify 于2026年10月22日公布2026年第三季度财报：高级订阅（Premium）用户同比增长9%，达3.06亿，本季净增600万；月活跃用户同比增长11%，达7.88亿。
财务方面，公司第三季度总营收同比增长16%（按固定汇率计增长14%），约49.7亿欧元（官方口径约50亿欧元），其中高级订阅业务营收约44.9亿欧元，广告支持业务营收约4.82亿欧元；毛利率同比提升136个基点至33.0%；营业利润为6.72亿欧元；本季自由现金流为7.35亿欧元。高级订阅用户平均每用户收入（ARPU）为4.95欧元。
Spotify 联席首席执行官 Alex Norström 表示，本季公司做到了此前承诺的目标，业务持续复合增长。公司同时给出第四季度指引：预计月活跃用户达8.18亿、高级订阅用户达3.16亿、营收约52亿欧元、营业利润约8.2亿欧元。上述第四季度数字为公司指引，并非已实现业绩。
Spotify Reports Q3 2026 Results: Premium Subscribers Reach 306 Million, Revenue Up 16%
Spotify reported its third-quarter 2026 results on October 22, 2026. Premium subscribers grew 9% year over year to 306 million, a net gain of 6 million in the quarter, while monthly active users rose 11% year over year to 788 million.
Total revenue increased 16% year over year (14% on a constant-currency basis) to about €4.97 billion, reported by the company as €5.0 billion, including about €4.49 billion in Premium revenue and about €482 million in ad-supported revenue. Gross margin improved by 136 basis points year over year to 33.0%, operating income reached €672 million, and free cash flow was €735 million for the quarter. Premium ARPU was €4.95.
Co-CEO Alex Norström said it was a quarter in which the company did what it said it would do, with a business that keeps compounding. For the fourth quarter, Spotify guided to 818 million monthly active users, 316 million Premium subscribers, revenue of about €5.2 billion and operating income of about €820 million. Those fourth-quarter figures are company guidance, not reported results.
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图片来源：图：Spotify 位于瑞典斯德哥尔摩的总部大楼（资料图）。照片：Goombah，CC0，经 Wikimedia Commons。 / Spotify headquarters in Stockholm, Sweden (file photo). Photo: Goombah, CC0, via Wikimedia Commons.
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