Islamabad
In Q4 2025, Spotify delivered the highest MAU net adds in its history, reaching 751 million monthly active users, alongside double-digit subscriber growth, and continued momentum across music, podcasts, and audiobooks. Notable highlights from the Q4 2025 results include:
Premium Subscribers grew 10% Y/Y to 290 million.
Monthly Active Users (MAUs) climbed 11% Y/Y to 751 million.
Total Revenue increased 13% Y/Y constant currency to €4.5 billion.
Gross Margin improved by 83 bps Y/Y to 33.1%.
Operating Income reached €701 million.
Daniel Ek, Founder and Executive Chairman, said: “Today, what we’ve really built is a technology platform for audio – and increasingly, for all the ways creators connect with audiences. And this identity will matter even more going forward. The next wave of technology shifts – AI, new interfaces, wearables, new ways of interacting with content – these will reshape how people discover and experience audio and media. The hard problems ahead – in music, in podcasts, in books, in video, in live, and in things we haven’t built yet – we’re going to keep building the technology to solve them.”
Alex Norström, Co-CEO, said: “We closed out what we dubbed as the Year of Accelerated Execution with another solid quarter, delivering a strong finish to 2025. In Q4, we met or exceeded guidance across all key metrics.
