Spotify Sees Subscriber Surge and Revenue Rise in Strong Q2 Earnings

STOCKHOLM: Spotify has unveiled its second quarter earnings for 2025, showcasing notable growth in both subscribers and monthly active users. The company’s latest financial report reveals a 12% year-over-year increase in subscribers, reaching 276 million.

The platform’s monthly active users also saw an 11% rise, hitting 696 million. Spotify’s total revenue experienced a 10% increase year-over-year, amounting to €4.2 billion. Additionally, the company’s gross margin improved by 227 basis points to 31.5%, while operating income reached €406 million.

Spotify Founder and CEO Daniel Ek emphasized the value created for users and the broader streaming industry, highlighting the platform’s ability to retain and attract a growing audience. Ek remarked, “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.”

The company’s growth in the first half of 2025 marks one of its strongest performances in recent years, with subscriber net additions growing over 30% compared to the same period in 2024. This marks Spotify’s second highest Q2 for monthly active user net additions.