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Spotify Q2 2026 subscribers surpassed 300M, Premium revenue rose 15% to $4.99B; Netflix Q2 revenue hit $12.56B, expects ad revenue to double to $3B in 2026
Spotify's ARPU climbed 7% to $5.63, with gross margins targeting 35-40% by 2030 and headcount flat for three years. Netflix's ad tier now accounts for over 60% of new sign-ups in ad markets. Analysts note Spotify's $107.3B market cap, down 25.9% over the past year, offers more asymmetric upside compared to Netflix's $316.5B valuation, favoring Spotify for operating leverage over the next five years.
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Source：Yahoo财经 · Source Link
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