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# Spotify Technology S.A. (SPOT): Recent Filings and Events Spotify reports in euros. Every money amount below is converted to US dollars from euros, at the average rate for the period for flows and the closing rate for balances. Percentages and user counts are as the company reports them. ## Filings that contain financial statements - **Form 6-K filed October 22, 2026, accession 0001628280-26-066889.** Interim condensed consolidated financial statements for the three and nine months ended September 30, 2026 (with 2025 comparatives): statement of operations, statement of comprehensive income, statement of financial position (September 30, 2026 against December 31, 2025), statement of changes in equity, statement of cash flows (nine months), notes, and management's discussion and analysis. - **Form 6-K filed October 22, 2026, accession 0001140361-26-040435 (Exhibit 99.1, "Q3 2026 Update").** Shareholder update for the quarter ended September 30, 2026 with condensed statements of operations, financial position and cash flows for the three months ended September 30, 2026, June 30, 2026 and September 30, 2025, plus non-IFRS reconciliations. - **Form 6-K filed August 4, 2026, accessions 0001628280-26-052543 (interim financial statements) and 0001140361-26-031044 (Q2 2026 Update).** Quarter and six months ended June 30, 2026. - **Form 6-K filed April 28, 2026, accessions 0001628280-26-027951 (interim financial statements) and 0001140361-26-017211 (Q1 2026 Update).** Quarter ended March 31, 2026. - **Form 6-K filed November 4, 2025, accession 0001628280-25-048927.** Interim financial statements for the quarter and nine months ended September 30, 2025. - **Form 6-K filed February 10, 2026, accession 0001140361-26-004482 (Exhibit 99.1, "Q4 2025 Update").** Fourth-quarter and full-year 2025 statements (the audited annual statements are in the Form 20-F, accession 0001628280-26-006874). ## Third-quarter 2026 results (October 22, 2026; 6-K 0001140361-26-040435 and 0001628280-26-066889) - Revenue for the quarter was $5.72 billion, up 16% in euros year over year (14% at constant currency). Premium revenue grew 17% and Ad-Supported revenue grew 10%. - Gross margin was a third-quarter record 33.0%, up 136 basis points. Operating income was $773.19 million (13.5% margin), up 15% in euros, and included Social Charges (payroll taxes tied to share price) of $25.31 million, $14.96 million above forecast. - Net income was $596.00 million, against a prior-year quarter that included a large tax benefit and fair-value gains on the exchangeable notes. Diluted earnings per share were $2.85 (about $3.83 a year earlier, converted at that quarter's average rate). - Free cash flow (a non-IFRS measure) was $845.67 million. Cash, restricted cash and short-term investments totaled $11.23 billion at quarter end. - Monthly active users reached 788 million (up 11%, 11 million net adds) and Premium subscribers 306 million (up 9%, 6 million net adds). Subscribers were one million above guidance; revenue, MAUs and operating income were in line or above guidance. - Nine months to September 30, 2026: revenue $16.58 billion, operating income $2.37 billion, net income $2.07 billion, operating cash flow $2.78 billion (all converted at the nine-month average rate). - **Guidance for the fourth quarter of 2026:** 818 million MAUs, 316 million Premium subscribers, revenue of $5.89 billion, gross margin of 33.8% and operating income of $928.86 million (the company's euro guidance converted at the 0.8828 euro-per-dollar rate the company cites for September 30, 2026). The company assumes about a 230 basis point foreign-exchange tailwind to revenue growth. ## Capital actions - **Share repurchase upsized (August 20, 2026; 6-K 0001140361-26-033885).** The board approved an additional $1.5 billion for the repurchase program. With $723 million then remaining, total authorization rose to about $2.223 billion. The program is subject to the shareholders' repurchase authorization and may be suspended at any time. - **Buyback pace.** The Q3 update states $1.1 billion of shares repurchased year to date through October 21, 2026, which the company says fully offsets 2026 employee-equity dilution, after $662 million through August 3, 2026 (Q2 update). Repurchases were $433 million in the fourth quarter of 2025 and $510 million for all of 2025 (Q4 2025 update). - **Exchangeable notes retired.** The company's 0% Exchangeable Senior Notes ($1.5 billion principal, issued March 2021) matured March 15, 2026 and were settled in cash for $1.499 billion. The interim statements report no outstanding debt other than lease liabilities at September 30, 2026 (6-K 0001628280-26-066889). - **Partial sale of DistroKid stake (Q3 2026; 6-K 0001628280-26-066889).** During the quarter the company sold a portion of its equity investment in DistroKid (Dream HoldCo LLC) for EUR 60 million ($69.03 million) in cash (statement of cash flows, sales of long term investments). The cumulative fair-value gain previously recognized in other comprehensive income was reclassified to retained earnings. ## Management and governance - **September 3, 2026 (6-K 0001140361-26-035575).** Heidi O'Neill resigned from the board, effective immediately, stating no disagreement with the company. - **March 25, 2026 (6-K 0001140361-26-011100).** Chief Accounting Officer Paul Sawyer is to retire effective May 26, 2026; John Giraldo, previously Executive Vice President and Global Controller at NBCUniversal, succeeds him. - **December 10, 2025 (6-K 0001140361-25-045139).** Shareholders elected Alex Norstrom and Gustav Soderstrom to the board effective January 1, 2026. From that date the two serve as Co-Chief Executive Officers and the joint chief operating decision makers, with Daniel Ek as Executive Chairman (per the 2026 results updates). As a result, certain revenue activities were moved from the Ad-Supported to the Premium segment from January 1, 2026, with prior periods reclassified. - **April 15, 2026 annual general meeting (6-K 0001140361-26-014788).** Shareholders approved the 2025 accounts, the election of the twelve directors, Ernst & Young S.A. (Luxembourg) as auditor, 2026 director remuneration, and authority to repurchase up to 10,000,000 shares over five years. The meeting notice and proxy statement were furnished March 5, 2026 (6-K 0001140361-26-008076). ## Earlier 2026 results - **Q2 2026 (August 4, 2026; 6-K 0001140361-26-031044).** Revenue $5.56 billion, up 14% in euros (15% at constant currency); operating income $761.88 million; 300 million Premium subscribers and 777 million MAUs; gross margin a record 33.4%. - **Q1 2026 (April 28, 2026; 6-K 0001140361-26-017211).** Revenue $5.30 billion, up 8% in euros (14% at constant currency); operating income $836.66 million (15.8% margin); 293 million subscribers and 761 million MAUs. ## Not reflected No business acquisitions or divestitures, impairments, restructurings, or material legal or regulatory outcomes appear in the filings reviewed for this period.