Spotify Reports Second Quarter 2025 Earnings

Today, we announced our second quarter 2025 earnings, fueled by standout subscriber and MAU growth. In the first half of 2025, subscriber net additions grew more than 30% compared to the first half of 2024, and this marks the company's second highest Q2 for MAU net additions. Take a look at the highlights below:

• Subscribers climbed 12% Y/Y to 276 million.
• Monthly Active Users grew 11% Y/Y to 696 million.
• Total Revenueincreased 10% Y/Y to €4.2 billion.
• Gross Marginimproved by 227 bps YoY to 31.5%.
• Operating Income reached €406M.

"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," said Daniel Ek, Spotify Founder & CEO. "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.