Spotify hits over 700 million monthly users in Q3 2025
Spotify’s third quarter 2025 earnings reveal growth across monthly active users and subscribers.
Spotify just dropped its Q3 2025 earnings report, and the numbers prove that the world’s largest streaming platform is continuing its impressive growth.
Spotify’s strong Q3
Spotify’s latest results cover the period from July to the end of September 2025. In Q3, the platform expanded on its vast user base, while paid subscribers achieved double-digit growth. Here are the numbers that matter:
- Paid subscribers grew 12% Y/Y to 281 million.
- Monthly Active Users increased 11% Y/Y to 713 million.
- Total revenue climbed 12% Y/Y constant currency to €4.3 billion.
- Gross margin improved by 56 bps YoY to 31.6%
- Operating income reached €582 million.
“The business is healthy. We’re shipping faster than ever. And we have the tools we need… to deliver both revenue growth and profit expansion. It all comes back to user fundamentals and that’s where we are: 700 million users who keep coming back, engagement at all-time highs. We’re building Spotify for the long-term.”
Daniel Ek, Spotify’s Founder and CEO
You can check out Spotify’s full Q3 2025 earnings release here, or listen to the webcast Q&A on the Investor Relations site here.
As with every quarter, Spotify shared an infographic detailing the latest product updates, milestones, and creator tools. This quarter’s infographic spotlights Spotify’s long-awaited rollout of lossless audio, an enhanced free listening experience, audio mixing for playlists, integrating Spotify within ChatGPT, and celebrates Spotify Jam hitting 100 million monthly listening hours and Taylor Swift breaking records for the most pre-saved album in Spotify history and the most-streamed album in a single day on Spotify.
And that’s not all. The infographic covers even more updates that show Spotify is doubling down on innovation and artist engagement.
