Islamabad, February 10, 2026 — Spotify has reported a strong performance for the fourth quarter of 2025, highlighting record growth in monthly active users and solid financial momentum across its audio ecosystem, including music, podcasts, and audiobooks.
The company said Q4 delivered the highest net additions of monthly active users in its history, taking the total user base to 751 million worldwide. Premium subscribers also continued to grow, reflecting sustained demand for Spotify’s paid offerings across global markets.
During the quarter, premium subscribers increased 10 percent year-on-year to 290 million, while monthly active users rose 11 percent to 751 million. Revenue grew 13 percent year-on-year on a constant-currency basis to €4.5 billion, supported by improved monetization and operating efficiency. Gross margin expanded to 33.1 percent, up 83 basis points from a year earlier, while operating income reached €701 million.
Focus on technology and future growth
Spotify’s leadership said the company is increasingly positioned as a technology platform for audio, focused on enabling creators and enhancing how audiences discover and engage with content. Executives pointed to emerging technologies such as artificial intelligence, new user interfaces, and connected devices as key drivers expected to shape the next phase of audio consumption.
The company said it ended 2025 by meeting or exceeding its guidance across major performance indicators, and is entering 2026 with an emphasis on higher ambition and continued innovation. Spotify also reiterated its long-term role in developing tools and technologies that support the broader music and audio industry.
Founded in 2008, Spotify operates in more than 180 markets and offers access to over 100 million tracks. As of the end of 2025, the platform serves more than three-quarters of a billion users globally, including 290 million paid subscribers.
