Spotify has released its financial performance report for the first quarter of 2025, with total revenue of 4,190 million euros, representing a 15% increase from the same period in the previous year. The company also reported a net profit of 225 million euros, with the majority of revenue coming from subscriptions totaling 3,771 million euros.
The total number of subscribers across all types now stands at 678 million accounts, showing a 10% growth. This includes 268 million premium paying subscribers and 423 million users on the free ad-supported tier.
CEO and co-founder of Spotify, Daniel Ek, commented that the current figures reflect the strength of the company, with an increasing number of subscribers and high listening hours. The flexible business model allows customers who may cancel their paid subscriptions to still enjoy the free ad-supported option.
Source: Spotify
TLDR: Spotify’s Q1 2025 financial report shows a 15% revenue increase, with most earnings from subscriptions. The platform now has 678 million subscribers, including 268 million premium and 423 million free users. CEO Daniel Ek highlights the company’s growth and flexible business model.
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