Story ContinuesToday, Spotify serves 761 million monthly active users, including 293 million premium subscribers, spanning 184 markets worldwide. As a result, Spotify stock has fallen 9.33% so far in 2026, trailing the broader S&P 500 Index ($SPX), which has gained 8.2% year-to-date (YTD). Spotify guided for 4.8 billion euros in revenue, a 33.1% gross margin, primarily supported by continued strength in its Premium business, and 630 million euros in operating income. The company also warned that its outlook remains "subject to substantial uncertainty," while its 630 million euros operating income forecast fell well short of analysts' estimates of around 680 million euros. What Do Analysts Think About Spotify Stock?