Spain’s recorded music market climbed 13.7% in 2025
Spain’s recorded music industry recorded €409.5 million in wholesale revenue last year, with streaming revenues showing healthy growth.
Spain’s recorded music industry saw strong momentum in 2025, with new figures showing healthy growth across streaming, physical formats, and licensing revenue.
According to new data from Spanish industry body Promusicae, the country’s recorded music market generated €409.5 million in wholesale revenue in 2025, representing 13.7% year-on-year growth. As Music Business Worldwide reports, these wholesale figures reflect the revenue flowing directly to music companies rather than total consumer spending. When retail spending is included, the market value rises to €674.5 million.
This growth marks an important milestone for Spain’s music industry. As Digital Music News notes, the latest figures bring the market back to revenue levels not seen since 2003, helping close a gap that opened during the piracy crisis of the early 2000s. Spain was once one of the world’s biggest recorded music markets, ranking 7th globally around 2001, but according to the IFPI Global Music Report 2025, it now sits at 14th place worldwide.
Streaming continues to dominate the market. Promusicae’s data shows that streaming revenue reached nearly €300 million in 2025, increasing 13% year-on-year and accounting for 99.2% of all digital music sales. The biggest driver within streaming is paid subscriptions. Subscription streaming generated €214 million in wholesale revenue, rising 19.2% compared to the previous year. This represents 71.3% of all streaming income in Spain.
Ad-supported streaming also plays a large role in Spain’s listening habits. According to Promusicae’s data, ad-supported audio and video streaming generated €86 million in revenue, representing 28.7% of streaming income. However, these services accounted for around 60% of total listening time, showing the gap between usage and revenue.
In total, more than 21 million people in Spain used audio streaming platforms in 2025, with over 8 million paying for premium subscriptions, an 18% increase from 2024. Despite this growth, Promusicae says the country still lags behind other markets when it comes to paid streaming adoption, according to MBW. Promusicae President Antonio Guisasola said, “[W]e are still struggling in Spain due to the low penetration of music consumption through paid subscriptions.”
Physical music formats also saw strong growth during the year. As Digital Music News reports, physical music revenues rose 31.6% year-on-year to €41.7 million, with vinyl driving most of that increase. Vinyl sales grew 44.9% to €28.9 million, making up 69% of all physical sales in Spain. Promusicae said: “Consumers’ interest for vinyl, as pieces that connect them with their most-loved artists, certifies the record companies’ efforts to offer fans unique and outstanding creativity works.”
Other revenue streams also contributed to the industry’s growth. Neighbouring rights managed by Spanish collecting society AGEDI generated €61.5 million, up 9.2% year-on-year, while sync revenue from advertising and audiovisual productions reached €4.3 million, according to DMN.
Reflecting on the industry’s progress, Guisasola said, “The growth of the recording industry in 2025, not only is good news for the sector economically, but it also confirms that the efforts and investments made by recording companies in Spain to accompany Spanish artists’ talent and creativity, are generating returns that bring results back to 2003 levels, making the peaks of 2001 appear within reach.”
However, piracy remains a challenge. Promusicae estimates that 34% of consumers in Spain still engage in piracy, which the Coalition of Creators and Content Industries believes costs the sector around €722 million in lost profit.
As Guisasola explained, “Consumers’ interest about music is clear, and it is necessary to keep reinforcing the streaming model… so that the sector benefits from its efforts and investments, as it does in neighbouring markets.”