Spotify Technology S.A. (SPOT) Announced Q1 2026 Earnings on April 28, 2026, Reporting "Total revenue was EUR 4.5 billion"

Spotify Technology S.A. reported financial results for the first quarter of 2026.Management stated "Total revenue was EUR 4.5 billion" for the quarter.Additionally, they reported an "operating income of EUR 715 million" and noted that "free cash flow was EUR 824 million in the quarter". The company finished the quarter with 761 million monthly active users and added 3 million net subscribers, finishing at 293 million subscribers.The "Gross margin came in at 33%" for the quarter.The company discussed integrating AI across its operations to accelerate product development.Management noted that "IDJ is now used by 94 million subscribers" and highlighted the launch of new AI powered features like "Taste Profile" and "Prompted Playlist" to allow users to actively shape their platform experience. On the advertising side, executives mentioned that they rebuilt their ad stack to capture programmatic and automated sales, noting that "Biddable represents more than 1/3 of ad revenue" for the quarter.A new partnership was announced in the fitness space, with the company "launching a fitness hub on Spotify" that "features Peloton's premium subscriber content in an ad-free experience". Looking ahead to the second quarter of 2026, management provided forward guidance of "MAU of 778 million" and "299 million" subscribers.They are forecasting "total revenue of approximately EUR 4.8 billion" with an anticipated "quarter 2 gross margin of 33.1%" and guiding to "EUR 630 million" in operating income for the upcoming quarter.