Spotify adds 6 million subscribers as marketing and compute spending rises

Published Friday, October 30, 2026 · 4:08 PM EDT

Spotify added 6 million net subscribers in the third quarter, exceeding guidance by 1 million, Billboard reported. Revenue rose 14% in constant currency to 4.97 billion euros, while subscription streaming revenue increased 15% to 4.5 billion euros. Monthly active users rose 11% to 788 million worldwide, and gross margins reached a record 33%. Operating expenses totaled 967 million euros, driven primarily by what the company described as temporarily elevated growth in marketing and cloud/AI spending. Advertising revenue rose 9% in constant currency to 482 million euros.

Sources

Billboard

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Billboard and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

AI Products

Amazon sets up supplier financing to borrow as much as $80 billion

Amazon has established supplier financing arrangements to borrow as much as $80 billion against the value of hardware it buys, Bloomberg reported.

Science

Researchers demonstrate faster water transport with more selective membrane

University of Queensland researchers demonstrated a membrane that increased water transport by approximately 44% and reduced ethanol transport by 90% in ethanol-water separation experiments, Phys.org reported.

AI Policy

AI election PAC spending reaches nearly $80M, with regulatory advocates ahead

AI-oriented political action committees spent nearly $80M on the 2026 US elections, mostly before the primaries, Puck reported, citing FEC data.

AI Science

Insilico says AI-discovered Rentosertib has entered Phase III trials

Insilico Medicine says Rentosertib, its generative AI-discovered drug candidate also known as ISM001-055, has entered Phase III clinical trials for idiopathic pulmonary fibrosis. The company described the clinical advance in an announcement carried by News-Medical.Net.

Infrastructure Science

Quilty Space projects shortfall of about 150 launches through 2030

The world outside China faces a shortfall of about 150 rocket launches through 2030 against demand from satellite operators and civil space agencies, analytics firm Quilty Space estimates in a new report.

TBC launches Mischief video model through fal.ai

The Biological Computing Co. is launching Mischief, an image-to-video model based on Wan 2.2, through fal.ai on October 30. Access is free through November 2, with an announced price of $0.02 per second of generated video.