Tag: growth

Spotify Reports First Quarter 2025 Earnings

April 29, 2025

Today, we announced our first quarter 2025 earnings, starting the year off strong by outperforming across key metrics, including the highest Q1 Subscriber net adds since 2020 and a record high Operating Income. Take a look at the highlights below:

  • Subscribers increased 12% Y/Y to 268 million. 
  • Monthly Active Users reached 678 million up by 10% Y/Y.
  • Total Revenue was up 15% Y/Y to €4.2 billion.
  • Gross Margin improved by ~400 bps YoY to 31.6%.
  • Operating Income rose to €509M.

“The underlying data at the moment is very healthy: engagement remains high, retention is strong, and thanks to our freemium model, people have the flexibility to stay with us even when things feel more uncertain,” said Daniel Ek, Spotify Founder & CEO. “So yes, the short term may bring some noise, but we remain confident in the long-term story, and the direction we’re heading in feels clearer than ever.”

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.

To Our Listeners Around the World

January 1, 2019

Thank you.

Whether you were with us when we laid our roots in Stockholm or just started using Spotify from Cairo, you have helped to make this year an incredible one.

In 2018, over 200 million people—yes, you read that right: 200 million—across 78 markets worldwide used Spotify to listen to their favorite artists, albums, fan-made playlists, podcasts, and more. These fans and listeners tune in by the second and help us learn and grow.

And grow we have. In 2018 alone, we launched in seventeen new markets, including Israel, Romania, South Africa, and Vietnam, plus thirteen in the Middle East and North Africa (complete with a fully localized Arabic platform for our Arabic-speaking listeners). And there’s no sign of slowing in 2019. The opportunities ahead continue to be massive and exciting, and we look forward to continuing to engage with new listeners across generations and continents.

We could not have gotten here without the loyalty and passion of our listeners—you. So as you reflect on the top songs from your 2018 Wrapped or bring in 2019 to your favorite tune, know that we’re singing your praises every step of the way.