Islamabad, February 10, 2026 — Spotify reported a strong close to 2025 as it released its fourth-quarter earnings, posting record user growth and continued momentum across music, podcasts, and audiobooks. The company said Q4 marked the highest net additions of monthly active users (MAUs) in its history, underscoring sustained global demand for its audio platform.

During the quarter, Spotify’s monthly active users rose 11% year-on-year to 751 million, while premium subscribers increased 10% to 290 million. Total revenue grew 13% year-on-year on a constant-currency basis to €4.5 billion, supported by improved margins and operating performance.

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Spotify reported a gross margin of 33.1%, up 83 basis points from a year earlier, while operating income reached €701 million, reflecting stronger monetization and cost discipline.

Leadership outlook and strategy

Commenting on the results, Daniel Ek, Founder and Executive Chairman of Spotify, said the company has evolved into a broader technology platform for audio, enabling creators to connect with audiences in new ways. He noted that emerging technologies such as artificial intelligence, new interfaces, and wearables are expected to reshape how users discover and experience audio content.

Alex Norström, Co-CEO, said Spotify ended what it termed the “Year of Accelerated Execution” by meeting or exceeding guidance across key metrics. He added that 2026 has been framed internally as the “Year of Raising Ambition,” as the company looks to build on its global scale and long-term vision.

Meanwhile, Gustav Söderström, Co-CEO, described Spotify as a research and development hub for the music industry, emphasizing the company’s focus on rapidly adopting new technologies. He said the wider industry stands to benefit from advances such as AI, particularly for those that adapt quickly.

Founded in 2008, Spotify is the world’s largest audio streaming subscription service, offering access to more than 100 million tracks. The platform currently serves over 751 million users, including 290 million subscribers, across more than 180 markets worldwide.