Spotify Hits 306 Million Paid Subscribers

Spotify added six million new paying users in Q3, pushing its subscriber base to a record 306 million. The boost also lifted total monthly active users on the free tier by eleven million, reaching 788 million. Quarterly revenue climbed to €4.97 billion, a sixteen‑percent rise from a year earlier. Gross margin hit thirty‑three point zero percent, just ahead of the thirty‑two point nine percent forecast. Operating income rose to €672 million, helped by lower‑than‑expected marketing and personnel costs. Free cash flow topped €735 million, underscoring stronger cash generation. Co‑CEO Alex Norström said the results show a “strong business that keeps compounding.” He added that “there is more runway ahead.” He added that every new catalog expansion brings fresh listeners and keeps existing ones returning daily.