Tech Desk 
Jul 29, 2025
Spotify has reported another strong quarter, with Q2 2025 earnings showing sharp growth in subscribers, revenue, and profitability. The streaming giant reported that this momentum represents its second-best Q2 in history for Monthly Active User (MAU) growth.
As reported, premium subscribers experienced a year-over-year increase of 12% to 276 million, fuelleded by growth in both mature and emerging markets.
MAUs reached 696 million, with an additional 18 million joining the platform in this quarter, an encouraging milestone that reinforced Spotify's dominance in the voice/audiostreaming industry.
Spotify also experienced very strong financials. Total revenue grew 10% Y/Y to €4.2 billion, while operating income grew to €406 million,, driven by what the company described as "ongoing cost discipline."
Total gross margin fell in line with guidance at 31.5%,, which reflects ongoing efficiency gains in operations, despite the global economic environment.
Spotify's CEO and founder Daniel Ek celebrated Spotify's performance and the loyalty of its users. "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.”
