Spotify Technology S.A. - Form 6-K Filing
This report details Spotify Technology S.A.'s financial performance for the three months ended March 31, 2026. The company reported total revenue of β¬4,533 million, a significant increase from β¬4,190 million in the same period of the previous year. Gross profit rose to β¬1,495 million from β¬1,326 million year-over-year. Operating income showed substantial growth, reaching β¬715 million, up from β¬509 million in the prior year. Net income attributable to owners of the parent was β¬721 million, a considerable increase from β¬225 million in the first quarter of 2025. Earnings per share also saw a significant jump to β¬3.50 on a basic basis and β¬3.45 on a diluted basis, compared to β¬1.10 and β¬1.07, respectively, in the previous year. The company's balance sheet shows total assets of β¬13,128 million as of March 31, 2026. Equity attributable to owners of the parent stood at β¬8,010 million. The company experienced a net decrease in cash and cash equivalents of β¬43 million during the period. Spotify Technology S.A. continues to grow its user base, with Monthly Active Users (MAUs) reaching 761 million, a 12% increase year-over-year, and Premium Subscribers growing to 293 million. The company also noted the maturity and settlement of its Exchangeable Notes during the period.