Reports Q1 revenue $2.09B, consensus $2.07B. “We are off to a strong start in 2026, delivering growth in both revenue and profitability while executing with discipline against our strategic priorities,” said Jennifer Witz, Chief Executive Officer. “In the first quarter, we increased year-over-year subscriber net additions, grew ARPU, and achieved the lowest first-quarter churn on record. Our latest proprietary subscriber satisfaction study delivered the highest scores since its inception, reinforcing the strength of our value proposition. We also significantly enhanced our advertising capabilities through our landmark partnership with YouTube. This strong execution, combined with continued enhancements to our content offering and deeper listener engagement underscores the resilience of our model and positions us well to deliver sustainable long-term value for shareholders.”
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