Spotify hits 290 million Premium subscribers and record operating profits in 2025

Spotify’s recently released investor filing shows that the company hit record Premium subscriber numbers and operating profits last year. The former reached 290 million in Q4 2025, marking a 10% increase year-over-year. Even between Q3 and Q4, Spotify’s paying subscriber count grew by 9 million (3%) from 281 million. This exceeded the company’s official guidance by 1 million.

Spotify’s operating profits finished at €701 million in Q4 2025. This added to the company’s annual operating profit of €2.2 billion ($2.5 billion) for the year. Spotify reports that its Premium subscriber growth contributed revenue of €4.013 billion ($4.67 billion) in Q4 2025. This signifies 14% growth year-over-year, while Spotify’s ad-supported revenue hit €518 million ($603 million) in Q4. This was up 4% YoY at constant currency.

Addressing the company’s results, Founder and Executive Chairman, Daniel Ek, said, “Today, what we’ve really built is a technology platform for audio – and increasingly, for all the ways creators connect with audiences. And this identity will matter even more going forward. The next wave of technology shifts – AI, new interfaces, wearables, new ways of interacting with content – these will reshape how people discover and experience audio and media.”

Co-CEO, Alex Norström, adds, “We closed out what we dubbed as the Year of Accelerated Execution with another solid quarter, delivering a strong finish to 2025. In Q4, we met or exceeded guidance across all key metrics. We marked our highest quarter ever for MAU net additions… We’re framing 2026 as the Year of Raising Ambition.”

News of Spotify’s record subscriber count and operating profit comes on the back of successive upgrades this year. These include its new ‘About the Song’ beta feature, in-app physical book purchases, and lyric translations. With significant investments in its platform, Spotify is asserting itself as the best music streaming service on the market.