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/

Spotify has announced Samar Jafri as its RADAR Pakistan artist for the fourth quarter of 2025, celebrating his fast-rising success and the deep connection he has built with young audiences across the country. As part of this global artist development program, Spotify will bring Jafri’s story to life through a special mini-documentary, exploring his creative evolution, the inspiration behind his music, and the moments that have shaped him into one of Pakistan’s most exciting emerging artists.

Jafri’s music resonates with a generation that sees its own experiences reflected in his heartfelt lyrics and soulful sound. In the last 28 days alone, some of the top countries streaming his music beyond Pakistan include Bangladesh, the United States, the United Kingdom, Canada, and the UAE. His audience remains almost evenly split between male and female listeners, with listeners aged 18–24 making up more than half of his fan base. His 2025 releases, “Main Rahun” and “Guzaarishein,” have together garnered over 23.3 million streams, with “Main Rahun” surpassing 14 million and “Guzaarishein” crossing 9.2 million streams since their release in April and May, respectively.

Rutaba Yaqub, Spotify’s Artist & Label Partnerships Manager for Pakistan and UAE, shared, “Samar Jafri is a remarkable talent and a fitting choice to close out RADAR Pakistan Season 2025. We’re excited to spotlight his journey and share his music with even more listeners through this platform.”

“As an independent artist, this truly feels like the beginning of something I’ve been dreaming about for years,” Samar Jafri stated, sharing his excitement on being recognized by RADAR Pakistan. “I’ve been making music for over six years now, but it took a lot of time and courage to finally start putting out originals. Seeing that music connects with so many people, especially on a platform like Spotify, means everything. It’s overwhelming in the best way, and I’m so grateful for the love and support. I’ve always believed that God is with the patient, and this moment feels like a reminder of that. Being able to tell my story through Spotify RADAR is surely one of the highlights of this year for me. There’s so much more to come, and I can’t wait to share it all with you,” he added.

Spotify’s RADAR program is a global initiative dedicated to spotlighting emerging artists and giving them the visibility, tools, and audience reach to grow their careers. In Pakistan, RADAR continues to play a pivotal role in elevating the next wave of local talent. Through Jafri’s feature, Spotify reinforces its commitment to supporting homegrown artists — connecting their music, stories, and voices to a global audience that is eager to listen.