Spotify has released its financial results for the second quarter of 2025, reporting significant growth fueled by a substantial increase in subscribers and monthly active users (MAUs).
The company highlighted that in the first half of 2025, subscriber net additions grew by more than 30% compared to the same period in 2024. The quarter also represented the company’s second-highest Q2 for MAU net additions.
Key highlights from the Q2 2025 report include:
- Subscribers: Increased 12% year-over-year to 276 million.
- Monthly Active Users: Grew 11% year-over-year to 696 million.
- Total Revenue: Rose 10% year-over-year to €4.2 billion.
- Gross Margin: Improved by 227 basis points year-over-year to 31.5%.
- Operating Income: Reached €406 million.
“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 and 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.”
