
Spotify ends 2025 on a high with record MAU growth and €4.5B Q4 revenue
Spotify posted strong Q4 2025 results: premium subscribers rose 10% year over year to 290 million, monthly active users reached 751 million (up 11%), and revenue climbed 13% YoY to €4.5 billion with an 83 basis point gross-margin improvement to 33.1% and €701 million in operating income. The quarter featured record MAU net adds, the largest Wrapped engagement to date, and launches like Prompted Playlist and venue following. Audiobooks expanded to five new countries, with features like Audiobook Recaps and Page Match, and partnerships including Bookshop.org for physical books and FC Barcelona extending through 2030. Spotify signaled 2026 as the “Year of Raising Ambition” with AI-driven opportunities across audio, books, and live experiences, plus ongoing beta expansions such as music videos in Premium.










