Spotify Reports Q3 2025 Earnings

In the third quarter, Spotify once again recorded strong user growth and revenue, reflecting the platform’s global leadership in audio streaming.

Karachi, Nov 04, 2025 – 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.