Spotify’s Q2 2025 earnings reveals subscribers and monthly active users
Spotify has just reported their second quarter earnings, updating their monthly active user and subscriber numbers.
With growth across all areas, Spotify remains the go to place for music, podcasts and audiobooks, driving discovery and connection between millions of artists, creators, authors and fans.
Spotify’s latest results details statistics across April to the end of June 2025, as well as the whole first half of the year. In the first half of 2025, Spotify’s subscriber net addition grew more than 30% compared to the first half of 2024. This quarter, was the second highest Q2 for monthly active user net additions.
At the end of June this year, Spotify had almost 700 million users and over 275 million subscribers, an over 10% year-over-year increase in both areas.
- Subscribers climbed 12% Y/Y to 276 million.
- Monthly Active Users grew 11% Y/Y to 696 million.
- Total Revenue increased 10% Y/Y to €4.2 billion.
- Gross Margin improved by 227 bps YoY to 31.5%.
- Operating Income reached €406M.
People come to Spotify and they stay on Spotify. By constantly evolving, we create more and more value for the almost 700 million people using our platform. This value not only benefits users but it’s attracting more people to streaming and as a result, it’s also boosted the industries of music, podcasts, and audiobooks.
Daniel Ek, Founder & CEO, Spotify
You can find Spotify’s full Q2 2025 earnings release here, or listen to the webcast Q&A on the Investor Relations site.
As with every quarter, Spotify shared an infographic highlighting the top new features for creators and fans. This quarter’s infographic includes details on Spotify’s AI DJ now taking voice requests, AI playlists expanding to over 40 new markets, audiobooks expanding to Germany, Austria, Switzerland and Liechtenstein, Discovery Weekly turning 10, the launch of the Upcoming Releases hub, and more.
