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SPOT's Premium revenues rise 15% year over year to ???4.33B as subscriber growth and higher ARPU boost monetization, while ad revenues post gains.

Investors interested in Internet - Software stocks are likely familiar with Digital Turbine (APPS) and Spotify (SPOT). But which of these two companies is the best option for those looking for undervalued stocks?

Toronto, Ontario--(Newsfile Corp. - August 27, 2026) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0).

The Great Canadian Treasure Hunt is pleased to announce the location of the next regional prize. Organized by The Northern Miner, the treasure hunt encourages hunters and the broader public alike to explore Canada's rich mining history. Six one-ounce gold coins valued at over $35,000 wait to be found in Ontario. This regional treasure marks the final regional treasure for year one of The Great Canadian Treasure Hunt. No story of Canada's mining heritage would be complete without Sudbury, arguably the epicentre of Canadian mining history. With the release of this Ontario clue, 5 prizes remain hidden: Ontario, Manitoba, Saskatchewan, Quebec, and the Grand Prize.

Even within Canada's storied mining history, the Sudbury Basin stands as a uniquely influential jurisdiction. Its nickel and copper reserves helped establish titans of Canadian mining like Inco, Falconbridge, and Noranda. The impact of the Sudbury Basin cannot be overstated - beyond the resource itself, the mining business, and technical and engineering know-how helped establish Canada as a leading mining jurisdiction in every aspect of the resource economy.

"The Sudbury Basin stands as a cornerstone of Canada's mining heritage. Forged by a colossal meteorite strike nearly two billion years ago, this geological marvel evolved into a premier global supplier of nickel and copper. It didn't just put Northern Ontario on the map; it provided the essential resources that shaped our modern world. Sharing epic narratives like this is the heart of the Great Canadian Treasure Hunt, proving to people across the country that Canadian mining heritage is a story we can be profoundly proud of." - Anthony Vaccaro, President, The Northern Miner Group. 

Tens of thousands of hunters continue their search for the grand prize, alongside the four active regional bonus prizes - Manitoba, Quebec, Saskatchewan, and now Ontario. The Great Canadian Treasure Hunt celebrates its twelfth regional treasure by highlighting a titan of global mining found right here at home.

Participants can join the hunt and view the Ontario clue here.

Watch the Manitoba reveal video here: 

Cannot view this video? Visit:
https://www.youtube.com/watch?v=Cwk6ZJrKGDY

This campaign is proudly presented with the support of industry sponsors including Agnico Eagle Mines Limited, Sprott Money, EarthLabs Inc., IAMGOLD Corporation, Kinross Gold Corporation, The World Gold Council, McEwen Inc., Alamos Gold Inc., Ernst & Young LLP, Mining Matters, MINING.COM, CEO.CA and The Canadian Mining Journal.

For more information, including full contest rules, FAQs and updates, visit treasure.northernminer.com.

Follow @northernminer (X/FB/YouTube) | @thenorthernminer (IG) | @mining (X) | @miningdotcom (IG/FB/YouTube); @ceodotca (X/IG/FB/TikTok) | @ceocafilm (YouTube) for ongoing clues and community updates.

About The Northern Miner

The Northern Miner is a one-of-a-kind information resource. With over 110 years of experience serving the mining and exploration industry, crucial reports by The Northern Miner writing staff inform the decision-making process of thousands of high-performing mining professionals.

Founded in 1915, The Northern Miner remains the industry's most respected mining news authority, known for its on-the-ground journalism, editorial independence, and deep sector expertise. Now owned by EarthLabs Inc., it operates alongside platforms like MINING.COM, CEO.CA, and Canadian Mining Journal, delivering critical insight and trusted intelligence to the global mining community.

About EarthLabs Inc.

EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0) is a mining investment, technology, and media company that aims to provide strategic leverage to the metals and mining sector through investments, royalties and a full suite of data-driven media SaaS tools and services including CEO.CA, The Northern Miner, MINING.COM, Canadian Mining Journal and DigiGeoData.

Disclaimer
18+. No purchase necessary. Open to residents of Canada only. All prize valuations are in Canadian dollars (CAD) and based on the spot gold prices as of January 29, 2026, and may fluctuate with market prices. Full contest rules, eligibility criteria, and redemption process available at treasure.northernminer.com.

Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements. Often, but not always, these forward-looking statements can be identified by the use of words such as "estimate", "potential", "projected", "assumed", "planned", "to be", "may", "could", "should", or similar expressions.

Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied. These risks include, but are not limited to, those described in the Company's filings on SEDAR+ at www.sedarplus.ca. While the Company has attempted to identify key risks and assumptions, actual outcomes may vary.

Forward-looking statements reflect the beliefs, expectations, and opinions of management as of the date of this release. The Company disclaims any obligation to update or revise these statements, whether as a result of new information, future events, or otherwise, unless required by law. Undue reliance should not be placed on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311804

Source: EarthLabs Inc.

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NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) (the “Company”) today announced that its Board of Directors has approved an increase in its share repurchase program by an additional $1.5 billion. With $723 million remaining under the current repurchase program, the increase brings the total authorization under the share repurchase program to approximately $2.223 billion. The repurchase program will run for as long as the shareholders' authorization to the Board of Directors to r.

Key Takeaways Spotify posted a record 33.4% gross margin as operating income surged 61% year over year.SPOT reached 777 million monthly active users and 300 million Premium subscribers in the second quarter.Spotify trades above its industry valuation as planned AI and marketing investments raise near-term risks. Spotify Technology S.A. (SPOT - Free Report) shares have gained 12.5% over the past four weeks, renewing attention on whether improving operating performance can support further upside.

A record gross margin, subscriber growth and better monetization strengthen the fundamental case. Still, a premium valuation, softer estimate revisions and planned reinvestment leave little room for execution slippage.

SPOT's Profit Engine Is Gaining TractionSecond-quarter revenues rose 15% year over year at constant currency. Gross margin reached a record 33.4%, while operating income climbed 61% to €655 million.

Free cash flow was €797 million in the quarter and reached €3.3 billion over the trailing 12 months. That cash profile gives Spotify more flexibility to fund product investment while preserving balance-sheet strength.

Spotify's Subscriber Base Keeps ExpandingSpotify ended the second quarter with 777 million monthly active users, up 12% year over year, while Premium subscribers increased 9% to 300 million.

The company added seven million Premium subscribers, one million above guidance. Management expects 305 million Premium subscribers in the third quarter, extending the growth trajectory even as it adjusts the free-user experience in selected emerging markets.

SPOT's Pricing Power Supports MonetizationPremium revenues increased about 16% year over year at constant currency. Subscriber gains were accompanied by a 7.4% increase in Premium average revenue per user, excluding currency effects.

Management expects the third-quarter average revenue per user increase to remain consistent with the second quarter. If retention holds, pricing and conversion gains could allow revenues to expand faster than the subscriber base alone.

Spotify's Valuation Raises the BarSPOT trades at 32.08X forward earnings versus 27.33X for its industry. That premium makes the stock more sensitive to any shortfall in subscriber growth, monetization or margin expansion.

                                                                        Image Source: Zacks Investment Research

The latest quarter produced a 7.3% negative earnings surprise, while the Zacks Consensus Estimate for 2026 earnings declined 1.5% over the past four weeks. Those revisions add another reason for investors to demand consistent execution.

SPOT's Near-Term Risks Could Test the RallyManagement expects marketing and artificial intelligence initiatives to add about €200 million of operating expenses in 2026. Third-quarter gross margin is projected at 32.9%, below the second-quarter record, while monthly active user additions are expected to slow to 11 million from 16 million.

Competition remains intense. Apple Inc. (AAPL - Free Report) offers Apple Music both as a standalone service and through Apple One. Amazon.com, Inc. (AMZN - Free Report) offers Amazon Music Unlimited and a music benefit within Prime. Spotify must keep improving engagement and monetization while funding product differentiation.

Spotify's Mixed Style Scores Temper the SetupThe 12.5% four-week gain has fundamental support from stronger profitability, subscriber scale and pricing. The valuation premium and near-term spending requirements, however, keep the risk-reward profile balanced rather than clearly favorable.

SPOT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Spotify’s Growth Score of A points to favorable growth characteristics, but the Value Score of D and Momentum Score of F are weaker. The VGM Score of C reinforces a middle-ground profile, suggesting investors may want further evidence of sustained execution before taking a more aggressive view.

Music streaming stock Spotify Technology (NYSE:SPOT) is trading 4.5% higher at $539.33 this afternoon, extending yesterday's gains and eyeing its highest close since April.

Music streaming service Spotify has announced it is introducing a feature that will enable listeners to see if an artist is AI-generated.

The company said that from mid-September, "AI Persona" badges will start to appear on some artist profiles to signal that their identity does not represent a real person.

Spotify said the move was to make the platform more "transparent" and was in response to users expressing concerns about seeing artists that seem human but are in fact AI-generated.

In a statement announcing the development, the company said: "True artist-fan connection can only be built on a foundation of trust and authenticity.

"In music, that means listeners need to be able to trust that the artist behind the music is who they say they are. That's more essential than ever in the age of generative AI."

Spotify insisted the badge "is about the artist's public identity, not about how the music was made".

It added that, by default, AI personas would not be included in any editorial or algorithmic recommendations unless users followed those artists.

Image: Spotify said the move was to make the platform more 'transparent'. File pic: iStock The badges will be displayed in the banner and "About" section of an artist's profile page, as well as in "Search" and on track rows across playlists.

Listeners will be able to tap the badge to check if an artist has disclosed that their profile represents an AI persona or if the decision was made by Spotify following a review.

Starting on Tuesday, artists will be able to share that their profile represents an AI persona through Spotify for Artists, while, in instances where Spotify has applied the badge, artists will be notified and given the opportunity to self-disclose or appeal.

The company added that listeners will soon be able to report artist profiles they believe represent AI personas to its review team, but it did not disclose when that feature would be available.

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AI music "flooding" streaming platforms

AI-generated music appearing on streaming sites is becoming an increasingly pertinent issue.

Deezer – a French streaming site for music – estimates that 60,000 fully AI songs are being uploaded to its site every day, over a third of all production.

The platform said it is set to receive more than 20 million AI tracks a year, with Romain Hennequin, head of research at Deezer, telling Sky's Roland Manthorpe earlier this year that "it's a way to totally flood the music streaming services".

Can musicians survive AI music boom?

Last year, Spotify removed 75 million spam tracks, many of which were AI-generated. The platform's entire catalogue currently stands at 100 million.

While the tracks themselves are not fraudulent, the behaviour around them often is, with an automated system – a bot – being used to repeatedly listen to a song in order to make royalties from it.

Thibault Roucou, Deezer's head of royalties, said that "the vast majority of the listeners of this content are in fact what we call 'stream manipulation' or 'fraud'."

"It's an ongoing battle," he added.

A screen displays the logo of Spotify on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023. REUTERS/Brendan McDermid/File Photo Purchase Licensing Rights, opens new tab

Aug 11 (Reuters) - Spotify (SPOT.N), opens new tab said on Tuesday it would begin adding "AI Persona" badges to some profiles from ​mid-September to give listeners more transparency about ‌whether the artist behind the music was a real person.

Listeners have expressed concerns about artist profiles that appear ​human but instead represent AI-generated personas, the ​media streaming platform said.

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Spotify will display the ⁠badge on banners and About sections in artist ​profiles, as well as in Search and on ​track rows across playlists.

Starting Tuesday, artists can disclose that their profile represents an AI Persona through Spotify for Artists.

Spotify ​will also review profiles whose public identity ​appears to represent photorealistic AI-generated imagery.

Spotify said it will exclude ‌AI ⁠Personas from editorial and algorithmic recommendations by default unless users follow those artists.

Artists whose profiles are flagged by Spotify's review team will be notified ​and given ​an opportunity ⁠to self-disclose or appeal, it said.

Listeners will also be able to see ​whether an artist transparently shared that they ​were ⁠an AI Persona or whether Spotify identified the profile through its own review.

Spotify added that the ⁠badge ​will be based on an ​artist's public identity and not how the music was made.

Reporting by ​Anzar Mehraj in Bengaluru; Editing by Jonathan Ananda

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Spotify is to label AI artists and exclude them from algorithm recommendations as part of a crackdown on fake performers.

The world’s largest music streaming platform is creating a label for AI-generated artist identities called “AI personas” that will appear on the artist profile and on track listings on playlists.

It means that from September AI-generated artists such as the Velvet Sundown will carry the persona label and will be blocked from personalised recommendations by default. The aim is to differentiate these deepfake artists from real performers who might lose out on streams to artificial rivals.

Spotify said: “True artist-fan connection can only be built on a foundation of trust and authenticity. In music, that means listeners need to be able to trust that the artist behind the music is who they say they are. That’s more essential than ever in the age of generative AI.”

Last year Spotify revealed it had removed 75m spam tracks from its platform over a 12-month period as AI tools created a flood of fake music. Spotify’s legitimate catalogue stands at 100m tracks.

Spotify will allow music creators to reveal if their identities are AI-created – and will then label them as an AI persona – but it will not rely on self-disclosure alone. The company said it would use human review and AI investigative tools to determine if artists were fake. Although the new rule technically applies to AI “identities”, Spotify says AI-generated profiles are invariably a front for AI-made tracks as well.

The company said: “Listeners have been clear in telling us that they don’t like seeing an artist profile that seems human, only to find out that the persona is AI-generated.”

Last year there was debate about the origins of the Velvet Sundown – a 70s-style US rock band – before the band’s social media channels confirmed the subterfuge. A statement described the group as an AI creation that was “somewhere in between” human and machine.

The Velvet Sundown has 117,000 monthly listeners on Spotify but its page has no clear AI labelling, although the artist profile describes the four-piece as a “synthetic music project”.

In January there was further discussion about Sienna Rose, a soul singer who entered Spotify’s viral top 50 but did not appear to be real, having never played a gig or released any videos despite releasing a prolific burst of material over a 10-week period. The Spotify profile for Rose, who has more than half a million monthly listeners, does not clarify whether she is AI or not.

It has been a volatile year for the stock market, with investors having to navigate the ongoing geopolitical tensions in the Middle East, new leadership at the Federal Reserve, and a series of new tariffs imposed by the Trump administration. But Spotify (SPOT +4.33%) stock is down 37% from its all-time high for a different reason.

The company operates the world's largest music streaming platform, and management is currently investing less aggressively in growth in order to prioritize profitability. The strategy is working very well, but it has forced investors to reconsider Spotify's previously elevated valuation.

According to Wall Street, the recent dip might be a great buying opportunity. The majority of analysts tracked by The Wall Street Journal have rated Spotify stock a buy, with none recommending selling. Plus, their average price target points to substantial potential upside over the coming 12 months. Here's why their bullishness might be justified.

Image source: Getty Images.

Transforming the user experience through technology Most music streaming services offer similar content catalogs, because a small handful of record labels control most of the industry's rights, and they want their artists to reach the widest possible audience. Therefore, Spotify can only differentiate its service from the competition by offering a better user experience, and it's leaning heavily on technologies like artificial intelligence (AI) to do so.

Spotify has a growing portfolio of AI-powered features that are driving engagement. There is Prompted Playlist, which will curate custom music playlists based on a description provided by the user. Then there is AI DJ, which autonomously plays songs based on a user's listening history, complete with a software-powered voiceover.

Over the last few weeks, Spotify started rolling out a niche feature called Running Mode, which is tailored to the fitness community. A user can tell Spotify to craft a playlist based on the length of their workout, and it will group a series of appropriate songs together based on their beats per minute, and the user's individual tastes.

The more time a paying subscriber spends on Spotify, the more likely they are to stick around for the long term. The more time a free user spends on the app, the more likely they are to convert into a paying subscriber. That is why the company is focusing so heavily on developing features to lift engagement.

Sacrificing revenue growth for higher profits During the second quarter, Spotify had a record 300 million premium subscribers, and another 494 million free monthly active users who were monetized by advertising. The company generated a combined $5.5 billion in revenue from both user categories, which was up 14% year over year.

Spotify could have grown its revenue even faster if it spent more aggressively in areas like marketing, but management is prioritizing profitability instead. As a result, the company increased its total operating expenses by just 3% year over year to $1.08 billion during the quarter.

With the money coming in (revenue) growing much faster than the money going out (operating expenses), Spotify managed to generate $628 million in net income during Q2, which was a massive improvement over the $99 million net loss it produced in the same quarter last year.

This is really important because Spotify will have a more sustainable business over the long term if its profits continue to increase. Over time, this will give management more flexibility to redirect money into growth initiatives like marketing and research and development, without having to rely on debt or external funding from investors.

Wall Street is very bullish on Spotify stock, and I concur The Wall Street Journal tracks 42 analysts who cover Spotify stock, and 26 of them have given it a buy rating. Seven others are in the overweight (bullish) camp, while the remaining nine recommend holding. None recommend selling.

The analysts have an average price target of $600, implying a potential upside of 26% for Spotify stock over the next 12 months or so. The Street-high target of $720 suggests the stock could soar by 51% instead.

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Based on Spotify's trailing 12-month earnings of $15.86 per share, its stock is trading at a price-to-earnings (P/E) ratio of 30. That is a slight discount to the Nasdaq-100 index, which has a P/E of 32.6, so Spotify might be considered undervalued.

Moreover, Wall Street's average estimate (provided by Yahoo! Finance) suggests the company could grow its earnings to $18.20 per share in 2027, placing its stock at a forward P/E of 26. In other words, the stock would have to climb by 25% over the next 18 months or so to match the P/E of the Nasdaq-100, so Wall Street's average price target of $600 certainly looks achievable.

Reaching $720 might take more time, but it will be possible in the future, particularly if Spotify's bottom line keeps improving at the current pace.

MarketBeat Week in Review – 06/08 - 06/12Spotify Technology NYSE: SPOT reported second-quarter results marked by accelerating revenue growth, record gross margin and subscriber growth that pushed its Premium base above 300 million for the first time.

Co-CEO Alex Norström said the company’s revenue rose 15% year over year on a constant-currency basis, accelerating from 14% growth in the first quarter. Gross margin reached a record 33.4%, while free cash flow continued to strengthen. Spotify added 7 million net subscribers during the quarter and ended the period with 300 million subscribers, exceeding its guidance by 1 million.

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Spotify's "North Star" Outlook Was Music to Investors Ears“More people are choosing Spotify, they’re engaging more deeply, and they’re converting,” Norström said, adding that active days among global subscribers increased during the quarter.

Financial Results and Third-Quarter Outlook CFO Christian Luiga said monthly active users, or MAUs, grew 12% year over year, including notable outperformance in Europe and North America. Spotify added 16 million net MAUs, which was 1 million below its forecast, and ended the quarter with 777 million users.

Total revenue was EUR 4.8 billion, up 15% year over year on a constant-currency basis. Premium revenue increased about 16%, driven by 9% subscriber growth and 7.4% year-over-year growth in average revenue per user. Ad-supported revenue rose 3%, consistent with the first quarter. Operating income totaled EUR 655 million, above guidance of EUR 630 million, for an operating margin of 13.7%. Free cash flow was EUR 797 million, up 14% year over year. Peloton Stock Gives Back Gains After Upbeat Earnings ReportGross-margin performance exceeded Spotify’s guidance by 30 basis points. Luiga said the result reflected quarterly timing shifts related to growth investments and a small one-time benefit from the cancellation of Canada’s digital services tax, which allowed Spotify to reverse an accrual from prior years.

For the third quarter, Spotify forecast 788 million MAUs, representing net additions of 11 million, and 305 million subscribers, or 5 million net additions. The company expects third-quarter revenue of approximately EUR 5 billion, representing 14% growth, gross margin of 32.9% and operating income of EUR 670 million.

Luiga said Spotify continues to expect advertising revenue growth to “inflect towards double-digit growth” in the second half of 2026. The company also expects both gross margin and operating margin to improve on a full-year basis, along with meaningful growth in free cash flow.

Free-Service Changes and Advertising Buildout Spotify is making product and monetization changes in selected emerging markets, including adjustments to sign-up flows, reduced support for certain lower-end Android devices, changes to advertising load and limitations in the free tier. Norström said the moves are intended to create a higher-quality MAU base and improve monetization over time.

The changes are expected to affect third-quarter MAU growth, but Norström said they should not come at the expense of subscriber growth in the near term. He described the strategy as shifting toward a “monetization lever” after periods of strong user growth in emerging markets.

On advertising, the company said its automated sales channels represented nearly 40% of ad-supported revenue during the second quarter, up from just over 30% in the first quarter. Active advertisers rose 60% year over year to 33,000, according to Norström.

Spotify has completed its migration to an in-house advertising server, with Norström saying that 99% of impressions are now served through its proprietary ad stack. Luiga said the company’s direct-sales channel had experienced expected declines, but that price-optimization work in the channel was completed and it is now stabilizing.

Premium Features, AI and Live Events The company highlighted several new products intended to increase engagement and expand the value of its Premium offering. Its Reserved ticketing feature, launched in the U.S. with Live Nation in June, has supported multiple tours and reserved nearly 100,000 tickets through Spotify. Norström said some allocations sold out and were increased by Live Nation during the run.

Spotify said Reserved is currently focused on adding value for Premium subscribers rather than direct monetization. The product gives eligible users earlier access to tickets while helping artists reach dedicated fans, Norström said.

AI-powered features were also a central focus of the call. Spotify’s DJ feature is used by roughly one-quarter of active users, while Prompted Playlist has attracted about 14 million users out of the first 100 million users to whom it has been rolled out. Söderström said early retention trends for Prompted Playlist are promising.

The company’s large taste model, which uses data from 3.4 trillion daily platform events, has been deployed in its autoplay recommendation system. Söderström said that in the first two months following deployment, active days increased, autoplay minutes and track saves rose significantly, and autoplay drop-off declined.

Spotify also said SongDNA has been used by more than 100 million subscribers, making it among the company’s fastest-adopted features. Other recently introduced or planned products include Talk to Spotify, Personal Podcasts, Studio by Spotify, Running Mode and audiobook Prompted Playlists.

Music Add-Ons and Cost Discipline Norström said Audiobooks+ has surpassed $100 million in annual recurring revenue, while overall audiobook penetration among Premium listeners has more than doubled this year. He described add-ons as a way to drive structural ARPU growth beyond standard Premium price increases.

Spotify is also developing music remix and covers capabilities that would require artist consent, provide attribution and compensate artists, labels, publishers and songwriters. Following an agreement with Universal Music Group announced in May, Spotify said it reached a deal with Merlin, which represents more than 30,000 independent labels and distributors.

Söderström said Spotify does not need agreements with every major label before it begins a research preview of the remix product, though it wants as many participating artists as possible. He said the company plans to use listener preference data from early users to improve the model before a broader launch.

Spotify expects marketing and AI-related investments to add roughly EUR 200 million in operating expenses for 2026. Luiga said the expense increase is not structural, noting that headcount is expected to remain flat for the year. Söderström said the company’s AI costs are largely tied to compute and can be managed through its internal tools, model selection and usage controls.

About Spotify Technology (NYSE:SPOT)Spotify Technology is a digital audio streaming company best known for its on-demand music service and a growing portfolio of spoken-word content. Founded in Sweden in 2006 by Daniel Ek and Martin Lorentzon and launched commercially in 2008, the company offers a cross-platform app that enables users to discover, stream and organize music, podcasts and other audio. Its primary consumer products include a free, ad-supported tier and a paid Spotify Premium subscription that provides ad-free listening, offline playback and higher-quality audio streams.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Spotify (NYSE:SPOT | SPOT Price Prediction) and Pinterest (NYSE:PINS) both reported Q2 2026 results on August 4, 2026, and both cleared estimates on the top and bottom line.

Yet Spotify slipped 6.53% over the past week and Pinterest gave back 4.22% the morning after. Two very different business models. One shared reaction.

Premium Subs Powered Spotify. Ad Dollars Carried Pinterest. Spotify posted EPS of $3.0071 against a $2.796 consensus, with revenue of $5.50 billion beating expectations by 14.83%. Premium Subscribers reached 300 million for the first time, and co-CEO Alex Norström called it “rarefied air.”

Audiobooks+ has now passed $100 million in annual recurring revenue, and the new Reserved feature moved nearly 100,000 tickets through a Live Nation partnership in its U.S. launch quarter.

Pinterest delivered non-GAAP EPS of $0.43 on revenue of $1,179,654,000, growing 18.17% year over year. Global MAUs hit 640 million, the 11th consecutive quarter of double-digit user growth. Rest of World revenue jumped 38%, the clearest sign that international monetization is finally kicking in.

Subscription Compounding vs. Ad Platform Rebuild Spotify is running a subscription flywheel with pricing power baked in. Gross margin hit 33.4%, a record, and Norström pointed to a 2030 target of “gross margin of 35% to 40%, operating margin above 20%.” The company is layering add-ons like audiobooks and Reserved on top of the base subscription, then investing in AI tools like Honk and the Large Taste Model to lower cost per feature shipped.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Spotify didn't make the cut. Grab the names FREE today.

Business Driver Spotify Pinterest Main Growth Engine Premium subs and ARPU AI-driven ad performance User Base 777M MAUs 640M MAUs ARPU €4.89 $1.86 Pinterest is playing a different game. CEO Bill Ready framed it plainly: “AI is at the heart of our momentum and is a clear accelerant for our business. It is trained on our unique human curation of style and taste.” U.S. and Canada ARPU rose 14%, but the company still posted a GAAP net loss of -$46,669,000, weighed by $320 million in share-based comp.

The Next Test Is Guidance Credibility Spotify guided Q3 revenue to roughly EUR 5 billion with a gross margin of 32.9%, but flagged emerging-market friction changes that will hit Q3 MAU.

Pinterest guided Q3 revenue to $1,190 million to $1,210 million, or 13%-15% YoY growth, a clear deceleration from Q2. I will be watching whether Ready can hold ad pricing while Rest of World grows, and whether Spotify’s audiobook and Reserved add-ons keep expanding ARPU beyond pure price hikes.

Why I Lean Toward Spotify for Compounders, Pinterest for Value Hunters Spotify screens as the more durable compounder here. The 300 million paying subscribers give it real pricing leverage, and the free cash flow trajectory looks durable. But at a P/E near 44, patience is required.

Pinterest is the more interesting turnaround. Shares are down 34.53% over the past year, yet free cash flow grew 37.24% and the ad platform is clearly working. If you believe AI-curated commerce becomes a real ad category, PINS at these levels has more asymmetric upside. Pinterest looks like the more asymmetric setup on any macro-driven pullback, while Spotify’s valuation demands patience.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Spotify didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Spotify Technology S.A. delivered strong Q2 results, driven by robust MAU growth and effective monetization strategies, including AI and advertising scale. Premium subscribers exceeded guidance with 7 million net additions, supporting 14% YoY revenue growth and a 7% YoY increase in premium ARPU (FX neutral). Ad business momentum accelerates, with auction-based ads now 40% of mix and ad revenue growing 30%, enhancing top-line visibility.

Here are the key analyst takeaways:

Check out other analyst stock ratings.

Rosenblatt Securities: While Spotify Technology highlighted several innovations in its music streaming service, its second-quarter results were marred by "noise," Crockett said in a note. This included elevated expense growth and a new promotional approach that slowed MAUs (monthly active users), he added.

Revenue grew 13.9% year-on-year, 14.6% in constant currency, broadly in line with expectations, the analyst stated. While MAU grew 16 million to 777 million in the second quarter, falling short of guidance by one million, Spotify guided to reaching 788 million, representing the smallest third-quarter growth since 2018, he noted.

JPMorgan: Spotify Technology reported solid second-quarter results but announced a mixed outlook for the third quarter, Anmuth said. The lower-than-expected MAU results in the second quarter and guidance for the third quarter reflect the company’s shift from "free tier enhancements to funnel health and efficiency (driving conversion and revenue) in Emerging Markets," he added.

"We believe this modest MAU headwind is transitory and likely to dissipate through the end of the year," the analyst wrote. Management’s €200 million ($231 million) incremental investments this year reflect stable year-on-year growth in operating expenses in the third quarter and moderating growth in the fourth quarter, he further stated.

Guggenheim Securities: While Spotify Technology’s premium subscribers reached 300 million, above the guidance of 299 million, MAU adds came in at 16 million, missing the projection of 17 million, Morris said. "MAU trends face near-term headwinds as management implements deliberate product optimization in emerging markets, including increased ad load and free-tier limitations," he wrote.

The company guided to third-quarter MAUs of 788 million, below Guggenheim’s prior forecast of 794 million, the analyst stated. Growth rates in developed markets remain stable and product changes are expected to drive higher conversion and monetization over time, he added.

SPOT Price Action: Shares of Spotify Technology had risen 2.35% to $489.39 at the time of publication on Wednesday.

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Key Takeaways Spotify is shifting from raw user growth toward monetization, add-ons and disciplined AI spending.Premium subscribers reached 300 million, beating guidance by 1 million after 7 million quarterly net adds.Automated channels generated nearly 40% of ad revenue as active advertisers rose 60% to 33,000. Spotify Technology S.A. (SPOT - Free Report) used its second-quarter 2026 earnings call to shift investor attention from raw user growth toward monetization, add-on products and disciplined artificial intelligence spending.

Reported earnings of $3.03 per share missed the Zacks Consensus Estimate of $3.27. Revenues of $5.55 billion surpassed the consensus mark by 0.01%.

SPOT Turns User Scale Into a Monetization PushCo-CEO Alex Norström said Spotify is adjusting product design, ad load and free-tier limits in selected emerging markets. The goal is to improve user quality, conversion and revenue rather than maximize monthly active user additions.

Those changes will reduce near-term MAU growth, but Norström said they should not weaken subscriber growth. Management described the move as shifting from growth toward monetization after several quarters of emerging-market MAU outperformance.

Spotify ended the second quarter with 777 million MAUs, up 12% year over year but 1 million below guidance. Premium subscribers reached 300 million, 1 million above guidance, after 7 million quarterly net additions.

Spotify Builds an Add-On Revenue EngineCo-CEO Norström highlighted products that raise Premium’s value and create revenue beyond standard pricing. Audiobooks+ has surpassed $100 million in annual recurring revenue, while Reserved has facilitated nearly 100,000 concert-ticket reservations since its U.S. launch.

Co-CEO Gustav Söderström said Spotify designed its platform to match usage, inference costs and monetization. Highly engaged listeners can purchase credits or add-ons instead of leaving the company to absorb unlimited AI costs.

AI-powered experiences reach about one-quarter of active users. Prompted Playlist has attracted roughly 14 million users among the first 100 million receiving it, while the Large Taste Model has improved active days, saves and listening behavior.

SPOT Rebuilds Advertising Around AutomationNorström said automated channels generated nearly 40% of ad-supported revenues, up from just over 30% in the first quarter. Active advertisers increased 60% year over year to 33,000 as Spotify expanded self-service and biddable buying.

Management said the migration to Spotify’s proprietary ad server is complete and pricing optimization in direct sales has finished. CFO Christian Luiga maintained the expectation that advertising growth will reach double digits during the second half of 2026.

Ad-supported revenues grew 3% at constant currency. Luiga said greater automation should improve profitability, supporting the longer-term objective of moving advertising margins from around 20% toward 40%.

Spotify Keeps AI Spending Under Direct ControlSöderström said Spotify’s AI investment is concentrated in compute rather than headcount. The workforce has remained broadly flat, while revenue per employee is on track to double over three years.

The company expects about €200 million of incremental 2026 operating expense tied to marketing and AI. Management stressed that these costs are variable and should moderate in the fourth quarter.

Second-quarter gross margin reached a record 33.4%, while operating income of €655 million exceeded guidance by €25 million. Free cash flow was €797 million, bringing trailing-12-month free cash flow to €3.3 billion.

SPOT Guides for Slower Adds and Continued ProfitSpotify expects third-quarter MAUs of 788 million, implying 11 million net additions, and Premium subscribers of 305 million, implying 5 million additions. The MAU forecast incorporates the emerging-market changes.

Revenues are expected at about €5 billion, with foreign exchange providing an estimated 200-basis-point year-over-year growth tailwind. Management guided gross margin to 32.9% and operating income to €670 million.

Luiga said quarterly margins will vary with investment timing, but Spotify still expects full-year gross margin and operating margin to improve in 2026.

Spotify Leaves the Call Focused on Value CreationManagement’s central message was that Spotify’s scale supports a wider monetization model built around Premium differentiation, add-ons, advertising automation and AI-driven engagement.

The company is accepting slower near-term MAU additions in selected markets while protecting subscriber growth, controlling investment intensity and managing continued margin expansion.

SPOT Rank and Style Scores Offer a Mixed SignalSPOT carries a Zacks Rank #3 (Hold). Its Growth Score of A, Momentum Score of B and VGM Score of B provide favorable growth, trading and blended-style signals, while the Value Score of D points to weaker valuation characteristics. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Style Scores complement the Zacks Rank, with A or B scores carrying the strongest significance alongside Zacks Rank #1 or 2 (Buy) stocks. The current Zacks Rank can change as earnings estimates are revised following the latest results.

Spotify (SPOT -1.68%) ended the second quarter with 300 million Premium subscribers -- a level the company says no audio streaming service has ever reached. The milestone came in Tuesday's report, which showed the streaming giant added 7 million paying subscribers during the period, for year-over-year growth of 9%.

The rest of the report was strong, too. Monthly active users grew 12% year over year to 777 million. Revenue rose 14% to 4.8 billion euros. And gross margin (the share of each euro left after paying music rights holders and other direct costs) hit 33.4%, an all-time record for the company.

Image source: Getty Images.

Scale is showing up in the profit lines For investors, the economics underneath the milestone arguably matter more than the round number. Operating income climbed 61% year over year to 655 million euros. And Spotify generated 545 million euros of net income, swinging from a loss in the same quarter last year.

The subscription business is doing the pulling. Premium revenue made up 4.3 billion euros of the quarter's 4.8 billion total, growing 16% year over year on a constant-currency basis. Ad-supported revenue, a slice worth less than a tenth of the total, grew just 3% on the same basis.

On top of that, the average Premium subscriber is paying about 7% more than a year ago -- evidence the company could keep raising prices without stalling subscriber growth.

Guidance is where the report gets more complicated. For the third quarter, Spotify projects 305 million Premium subscribers, 788 million monthly active users (11 million more listeners in a single quarter), and revenue of 5.0 billion euros. But it also guided for gross margin of 32.9%, a step down from the second quarter's record, with operating income of 670 million euros as the company reinvests in the business.

Today's Change

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So does crossing 300 million change the economics? The scale already has. A record gross margin, operating income up 61%, and pricing power across a subscriber base no rival has matched mostly come from the same source, and the milestone confirms how durable that source is.

Ultimately, the number to watch from here isn't the subscriber count. It's gross margin. If the line resumes climbing after the guided dip, scale is still paying investors. If the dip lingers, direct costs are eating more of each euro than growth is adding.

Shares slipped Tuesday to around $476 as of this writing, well below the $748.30 they reached within the past year. For a business compounding subscribers, revenue, and margin at the same time, that gap could be worth investors' attention.

Spotify (SPOT - Free Report) reported $5.55 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 16.7%. EPS of $3.03 for the same period compares to -$0.48 a year ago.

The reported revenue represents a surprise of +0.01% over the Zacks Consensus Estimate of $5.55 billion. With the consensus EPS estimate being $3.27, the EPS surprise was -7.34%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Spotify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Total Monthly Active Users (MAUs): 777 million versus 778.26 million estimated by four analysts on average.Premium Subscribers: 300 million compared to the 298.98 million average estimate based on four analysts.Ad-Supported MAUs: 494 million versus 494.8 million estimated by three analysts on average.View all Key Company Metrics for Spotify here>>>

Shares of Spotify have returned +0.7% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

During its second-quarter earnings call on Tuesday, Spotify again teased the upcoming release of a new product that will allow music fans to leverage AI to make covers and remixes of artists’ music, with the artists’ consent.

The company also announced that Merlin, a licensing partner for independent labels and distributors, has now joined Universal Music Group (UMG) on the new AI music effort. The deal brings more than 30,000 labels from Merlin’s network to the product, which will allow fan-made covers and remixes by artists who agree to participate.

Spotify has positioned its AI music product as being significantly different from the more controversial AI music startups that have been used to create fully artificial songs. Instead, Spotify co-CEO Gustav Söderström told investors on Tuesday’s call that the company’s AI music product will be about “real artists, not fake artists.”

“We want artists to be consenting [to add] their work into this catalog, so people can play around with covers and remixes based on their art,” added co-CEO Alex Norström. “We also obviously want to give them credit. And last but not least…we not only have the consent and give credit, but we also drive the compensation for this. So, really, we’re talking about the first legal way to partake in this AI tailwind that we see coming for interactive music,” he said.

AI music has flooded streaming services. Music streamer Deezer recently noted that more than 50% of daily track uploads were generated with AI, up from 10% in January 2025.

The company told investors that a research preview of the fan remix and covers product would initially be made available to a subset of users. Spotify also noted that it would not require a full music catalog to get started. The company did not say when the preview would arrive.

The new tool will launch as a paid add-on, creating an additional revenue stream for artists, Spotify previously said.

“Our remix and covers I think is an incredibly exciting product again because there is no one else that can really do this,” Söderström said. “Normal generative music will happen with or without us. This product will not happen without us, and it needs to exist so that existing artists can participate in this.”

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Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.

4.8.2026 18:34

Index Dow Jones +1,75 % na 54108,95 b. S&P 500 +1,52 % na 7715,84 b. Nasdaq Composite +2,11 % na 26461,97 b.

Americké akcie v polovině obchodního dne razantně posilují, s největší pravděpodobností i díky pokračujícím rozhovorům na Blízkém východě. Pomáhá tomu ale i zveřejňování výsledků hospodaření za druhé čtvrtletí, která jsou u většiny firem pozitivní.

Index Nasdaq s převahou technologických titulů v polovině obchodního dne posiluje o 2,1 %, zatímco index S&P přidává 1,52 % a směřuje k další rekordní úrovni. Růst vykazuje i index blue-chip akcií DJI, který navazuje na pondělní rekordní maximum o 1,75 %.

Dnešní výsledky hospodaření prezentovala společnost Caterpillar (CAT), mimochodem druhá největší složka indexu DJI z hlediska váhy. Ta posiluje o téměř 7 % poté, co její tržby a výnosy poprvé překročily hranici 20 miliard dolarů. Akcie společnosti Palantir rostou dokonce o 28 % po čtvrtletí, které generální ředitel Alex Karp označil za „neuvěřitelné“. Jen ve druhém čtvrtletí vzrostly tržby společnosti Palantir z obchodní činnosti s americkou vládou meziročně o 90 % !

Mezi další společnosti, které dnes zveřejní své výsledky, patří Advanced Micro Devices, ten v současné době přidává přes 8 %, za sebou je mají McDonald's, +1 % a Spotify, která však klesá o více jak 2% i přes silný předpoklad růstu tržeb. Největší pozornost však upoutá první čtvrtletní zpráva o hospodaření společnosti SpaceX od jejího vstupu na burzu. Akcie této společnosti se od červnového IPO nacházejí v volném pádu, což vysílá varovný signál ostatním společnostem s tržní kapitalizací v řádu miliard, které uvažují o vstupu na veřejné trhy.

Ropa padá o více jak 5 %,  Zlato roste o 1,3 % a Bitcoin přidává 0,5%

Index S&P 500 +1,52 % na 7715,84 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +3,7 % Utility -0,7 % Základní materiály +1,6 % Energie -0,6 % Průmysl +1,4 % Zbytná spotřeba -0,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Palantir Technologies (PLTR) +28 % Aptiv (APTV) -18 % Zebra Technologies Corp (ZBRA) +22 % NRG Energy (NRG) -15 % Gartner (IT) +17 % Rockwell Automation (ROK) -8,0 % Coherent Corp (COHR) +16 % Vistra Corp (VST) -6,6 % Marvell Technology (MRVL) +14 % Alexandria Real Estate Equities (ARE) -5,7 %
David Rojko-Kovačík
Fio banka, a.s.
Prohlášení

Spotify Technology SA (NYSE:SPOT) reported second-quarter profitability well above last year's results on Tuesday, as the music streaming giant crossed 300 million premium.

The Stockholm-based company posted revenue of €4.78 billion for the quarter, up 14% from a year earlier, though just shy of analyst estimates of €4.79 billion. Diluted earnings per share came in at €2.61.

Premium subscribers rose 9% year-over-year to 300 million, edging past estimates of 299 million. Monthly active users climbed 12% to 777 million, narrowly missing forecasts of 778 million.

Net income reached €545 million, a sharp reversal from an €86 million loss in the same period last year. Operating income totaled €655 million, with operating margin at 13.7%. Free cash flow rose 14% to €797 million, bringing the trailing twelve-month figure to €3.3 billion.

Premium segment revenue grew 15% to €4.33 billion, while ad-supported revenue rose just 1% to €446 million. Ad-supported monthly active users increased 14% to 494 million.

The company added 7 million subscribers in the quarter, ahead of its own guidance for 6 million additions. Monthly active user net additions came in at 16 million, slightly below guidance for 17 million.

For the third quarter, Spotify guided for revenue of €5 billion, above estimates of €4.93 billion, and 305 million premium subscribers, roughly in line with expectations of 305.3 million. The company forecast monthly active users of 788 million, below estimates of 793.52 million, and operating income of €670 million, short of the €677.8 million analysts had projected.

Gross margin guidance of 32.9% reflects a step down from the second quarter's 33.4%, a signal that profit growth may cool as user growth slows in North America and Europe.

Shares of Spotify were up 1.7% on Tuesday morning.

Spotify Technology S.A. (NYSE: SPOT) has released its results for the second quarter of 2026 today. Please visit [url="]investors.spotify.com[/url] to view the

Spotify (SPOT - Free Report) came out with quarterly earnings of $3.03 per share, missing the Zacks Consensus Estimate of $3.27 per share. This compares to a loss of $0.48 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -7.34%. A quarter ago, it was expected that this music-streaming service operator would post earnings of $3.72 per share when it actually produced earnings of $4.04, delivering a surprise of +8.6%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Spotify, which belongs to the Zacks Internet - Software industry, posted revenues of $5.55 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.01%. This compares to year-ago revenues of $4.76 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Spotify shares have lost about 16.3% since the beginning of the year versus the S&P 500's gain of 11%.

What's Next for Spotify?While Spotify has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Spotify was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $3.70 on $5.7 billion in revenues for the coming quarter and $14.45 on $22.51 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Arteris, Inc. (AIP - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +54.6%. The consensus EPS estimate for the quarter has been revised 7.7% lower over the last 30 days to the current level.

Arteris, Inc.'s revenues are expected to be $23.45 million, up 42.1% from the year-ago quarter.

-

NEW YORK--(BUSINESS WIRE)--Spotify Technology S.A. (NYSE: SPOT) has released its results for the second quarter of 2026 today. Please visit investors.spotify.com to view the Shareholder Deck and other supplemental materials.

As previously announced, the company will host a live question and answer session to discuss second quarter 2026 results at 8:00 a.m. Eastern Time. Alex Norström and Gustav Söderström, our Co-Chief Executive Officers, and Christian Luiga, our Chief Financial Officer, will be on hand to answer questions. Questions can be submitted by going to slido.com and using the code #SpotifyEarningsQ226.

What: Spotify Second Quarter 2026 Financial Results Q&A Webcast
When: Tuesday, August 4, 2026
Time: 8:00 a.m. Eastern Time
Q2 2026 Update: https://investors.spotify.com/
Webcast: https://app.webinar.net/24zaxYZl1G3
Slido Event Code: #SpotifyEarningsQ226

A live webcast of the earnings call will be accessible at investors.spotify.com and a recording of the webcast will be available following the session.

About Spotify Technology S.A.

Spotify’s platform revolutionized music listening forever when we launched in 2008. Today, more listeners than ever can discover, manage and enjoy over 100 million tracks, 7 million podcast titles, and 500,000 audiobooks in select markets on Spotify. We are the world’s most popular audio streaming subscription service with 777 million users, including 300 million subscribers across 184 markets.

Source: Spotify Technology S.A.

More News From Spotify Technology S.A.

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Spotify's logo at the headquarters on Regeringsgatan in Stockholm, Sweden November 18, 2025. TT News Agency/Fredrik Sandberg/via REUTERS Purchase Licensing Rights, opens new tab

Aug 4 (Reuters) - Spotify (SPOT.N), opens new tab forecast third-quarter profit below Wall Street estimates on Tuesday, after ​the streaming giant reported slowing user growth in ‌major markets of Europe and North America, driving shares around 5% lower in premarket trading.

The Swedish company has launched AI ​features like "Personal Podcasts" and new offerings such as "Reserved" ​to attract more user and fend off ⁠competition from rivals including YouTube and Netflix, and ​AI music startups like Udio and Suno.

The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here.

Spotify said it ​expects operating income of €670 million ($770.97 million) in the third quarter, below analysts' average estimates of €677.8 million, according to data compiled ​by Visible Alpha.

In the second quarter, its operating income came ​in at €655 million, beating estimates of €639.2 million, driven by strong revenue growth ‌and ⁠lower payroll taxes.

Such taxes, called social charges, are tied to the value of the company's share price. The company's shares have fallen about 16% so far this ​year.

Its quarterly revenue rose ​14% to €4.78 ⁠billion, slightly below LSEG-compiled estimates of €4.80 billion. The revenue forecast for third quarter ​of €5 billion was slightly above estimates ​of €4.93 billion.

Its ⁠monthly active users forecast of 788 million was below Visible Alpha estimates of 793.6 million, while its outlook for ⁠a ​5 million increase in premium ​subscribers to 305 million was largely inline with estimates.

($1 = 0.8690 euros)

Reporting ​by Jaspreet Singh in Bengaluru; Editing by Leroy Leo

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Toronto, Ontario--(Newsfile Corp. - July 31, 2026) - EarthLabs Inc. (TSXV: SPOT) (OTCQX: SPOFF) (FSE: 8EK0).

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Neither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement on Forward-Looking Information

Certain statements contained in this news release constitute forward-looking statements within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, are forward-looking statements. Often, but not always, these forward-looking statements can be identified by the use of words such as "estimate", "potential", "projected", "assumed", "planned", "to be", "may", "could", "should", or similar expressions.

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Forward-looking statements reflect the beliefs, expectations, and opinions of management as of the date of this release. The Company disclaims any obligation to update or revise these statements, whether as a result of new information, future events, or otherwise, unless required by law. Undue reliance should not be placed on forward-looking statements.

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Source: EarthLabs Inc.

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