Spotify released its Q3 2025 Earnings today, marking another quarter of what the company previously termed as the “Year of Accelerated Execution.” Spotify delivered double-digit subscriber growth, surpassed a milestone of 700 million Monthly Active Users, and achieved record profitability, while expanding their leadership in music, podcasts, and audiobooks.

Key highlights from the Q3 2025 results include:

• Premium Subscribers climbed 12% Y/Y to 281 million.
• Monthly Active Users (MAUs) grew 11% Y/Y to 713 million.
• Total Revenue increased 12% Y/Y constant currency to €4.3 billion.
• Gross Margin improved by 56 bps YoY to 31.6%.
• Operating Income reached €582 million.

Daniel Ek, Spotify Founder and CEO, said “The business is healthy. We’re shipping faster than ever. And we have the tools we need – pricing, product innovation, operational leverage, and eventually the ads turnaround – to deliver both revenue growth and profit expansion. It all comes back to user fundamentals and that’s where we are: 700 million users who keep coming back, engagement at all-time highs. We’re building Spotify for the long-term.”

In Q3, Spotify launched features and updates that continue to add value to both Free and Premium users, including an enhanced Free tier, playlist mixing tools, lossless audio, a ChatGPT integration, Messages and more. These features have made it easier for users to discover, connect, and create on the platform, while driving engagement and time spent on Spotify.

Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here.

Since its launch in 2008, Spotify has revolutionized music listening. Today, more listeners than ever can discover, manage and enjoy over 100 million tracks on Spotify. We are the world’s most popular audio streaming subscription service with more than 713 million users, including 281 million subscribers in more than 180 markets. https://newsroom.spotify.com/

Notable highlights from the Q2 report include:

● Premium Subscribers grew 12% Y/Y to 276 million, driven by strong performance in both mature and emerging markets.
● Monthly Active Users (MAUs) rose to 696 million with adding 18 million which is the second highest Q2 MAU net adds in history.
● Total Revenue grew to €4.2 billion, reflecting a solid 10% Y/Y growth.
● Gross Margin in line with guidance and reached basis points 31.5%.
● Operating Income reached €406 million, underlining the strength of Spotify’s operating model and sustained cost discipline.

Expressing his sentiments, Daniel Ek, Spotify’s Founder and CEO, said: “People come to Spotify and they stay on Spotify. By constantly evolving, we create more and more value for the almost 700 million people using our platform. This value not only benefits users but it’s attracting more people to streaming and as a result, it’s also boosted the industries of music, podcasts, and audiobooks.”
Interested in hearing more? Click here to review the full earnings release and listen to the webcast Q&A on our Investor Relations site here.