Karachi: Spotify released its Q1 2025 Earnings today, kicking off the year with strong momentum by outperforming across key metrics, including the highest Q1 Subscriber net adds since 2020 and a record high Operating Income.
● Subscribers increased 12% Y/Y to 268 million with highest Q1 net adds since 2020.
● 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.
Daniel Ek, Spotify’s Founder and CEO, said: “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. 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.
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Spotify transformed music listening forever when we launched in 2008. Our mission is to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by these creators. Everything we do is driven by our love for music.
Discover, manage, and share over 100 million tracks, for free, or upgrade to Spotify Premium to access exclusive features including improved sound quality and an on-demand, offline, and ad-free music listening experience.
Today, we are the world’s most popular audio streaming subscription service with a community of more than 678 million users, including 268 million Spotify Premium subscribers, across more than 180 markets. We are also the largest driver of revenue to the music business today. https://newsroom.spotify.com/.
