Spotify Technology S.A. announced its fourth‑quarter 2025 results on February 10, 2026, reporting revenue of €4.53 billion ($5.39 billion) and earnings per share of €4.43, both above analyst expectations. The company added 38 million net new monthly active users, bringing the total to 751 million, and grew its premium subscriber base to 290 million, a 10 % year‑over‑year increase.
The company highlighted a 13 % constant‑currency revenue growth and a gross margin of 33.1 %, up 83 basis points from the prior quarter. Spotify also noted that its free‑tier user base grew to 476 million, and it paid out €1.1 billion to music creators, the largest payout to date. Management attributed the strong performance to continued demand for its expanded content mix, including music videos, audiobooks, and AI‑driven personalization features.
Looking ahead, Spotify forecast first‑quarter 2026 revenue of €4.50 billion, monthly active users of 759 million, and premium subscribers of 293 million. The company also confirmed a price increase for its U.S. Premium plan, effective with the next billing cycle. These results and guidance suggest Spotify is maintaining growth momentum while navigating a margin transition toward higher‑value content and a more robust advertising platform.
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