Spotify’s Q3 2026 monthly active user (MAU) outcome will be determined by results scheduled for release before the market open on October 22. Management guided to 788 million MAUs, implying 11 million net additions from the 777 million reported in Q2, a slowdown from the prior quarter’s 16 million adds amid product adjustments in emerging markets. Premium subscribers reached 300 million in Q2, while revenue grew 14% to €4.78 billion and gross margin hit a record 33.4%. Analysts project Q3 revenue near €5.0 billion, with trader focus on whether MAU growth sustains the 12% year-over-year pace or reflects further deceleration tied to ad-supported tier dynamics and regional pricing shifts.