Spotify Stock Jumps 13% After Record 751M User Growth

• Spotify’s record-breaking user growth sparks a surge in market confidence.
• Strong Q4 results and AI-driven strategy highlight ambitious future outlook.

Spotify’s stock jumped over 13% in pre-market trading on February 10, 2026, following the announcement of its fourth-quarter 2025 earnings, which surpassed Wall Street expectations. Reporting a record 751 million monthly active users (MAUs) and robust financial performance, the company gave an optimistic forecast for the first quarter of 2026, driving investor enthusiasm.

The company achieved an 11% year-over-year increase in MAUs, with premium subscribers rising 10% to 290 million. Total revenue increased 13% to €4.5 billion, and the gross margin improved to 33.1%. Operating income stood at €701 million, reflecting enhanced profitability across Spotify’s global operations.

Looking ahead, Spotify provided strong guidance for Q1 2026, forecasting 759 million MAUs and 293 million premium subscribers by the end of the quarter. It also projected operating income above current analyst forecasts, indicating continued financial resilience and growth momentum.

This report marks the first under the leadership of co-CEOs Alex Nordstrom and Gustav Soderstrom, who recently succeeded founder Daniel Ek. Their strategic focus includes leveraging artificial intelligence to drive innovation across Spotify’s offerings in music, podcasts, and audiobooks. Ek expressed confidence in this leadership transition, emphasizing its alignment with the company’s long-term vision.

Spotify’s ecosystem investments continue to reinforce its market presence. In Q4 2025, the company expanded its audiobooks feature for premium subscribers into additional markets, reinforcing its push in the audio streaming landscape. Additionally, Spotify paid a record $11 billion to the music industry last year, marking the largest annual payment from a single retailer and underlining its commitment to supporting the broader music ecosystem.

The strong Q4 2025 performance and positive outlook for 2026 highlight Spotify’s sustained momentum, driven by record user growth, improved profitability, and innovative leadership. The 13% pre-market stock surge underscores investor confidence in the company’s trajectory under its new co-CEOs and its evolving AI-powered strategy.