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Spotify shares jump 10% as premium subscribers hit 306M, beating forecasts with strong global growth.

Company Fundamentals
22 Oct 2026
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Bullish
Spotify shares jump 10% as premium subscribers hit 306M, beating forecasts with strong global growth.

Spotify's shares rose 10% to a 10-month high after reporting 306 million premium subscribers in Q3, surpassing forecasts by one million and showing growth across all regions. Monthly active users reached 788 million, up 11%, while revenue increased 16% year-on-year to €5 billion, matching expectations. The company highlighted advances in AI integration, audiobook expansion, and video podcast growth, alongside plans for 10 million new ad users in Q4. Spotify also removed millions of AI-generated spam tracks, maintaining platform quality. With low debt and strong cash reserves, Spotify is positioned for continued growth amid rising interest rates.

As of Oct 22, 2026 23:51 WIB, Spotify shares on Pluang are trading at USD 570.00, up 8.50% in the last day, reflecting strong investor interest following the company's Q3 subscriber growth and bullish outlook. The stock's market cap stands at $108.00 billion, with a high buy order activity of 80%, indicating confidence among Pluang users. Typical hold time on Pluang is 112 days, showing a medium-term commitment to the stock.

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