Spotify’s third-quarter net income fell to €518 million from €899 million a year earlier, while diluted earnings per share declined to €2. 48 from €3. The decline reflected a tougher comparison with the prior year, when Spotify recorded €245 million in net finance income and a €72 million tax benefit.
The operating figures were stronger. Spotify said the subscriber total was one million above its own guidance and that growth occurred across every region.
Spotify has introduced Taste Profile in the United States for eligible premium users, expanded creator memberships to 34 markets and plans to extend audiobook access from 22 markets to more than 180 by the end of 2026. The audiobook expansion is expected to bring more than 350,000 titles in over 120 languages to additional listeners. Spotify is also using artificial-intelligence features, including prompt-based playlists and an AI DJ, to increase discovery and engagement, while its advertising business remains slower-growing than premium subscriptions.
Shares rose more than 3% in premarket trading after the release. The results leave investors weighing a lower reported profit against accelerating scale, record margins and management’s expectation that AI features, audiobooks and creator tools can support continued user and revenue growth.