Stockholm (AFP) – Swedish online music giant Spotify recorded an 11% year-on-year increase in the number of its active users in the fourth quarter of 2025 to 751 million, a figure above its forecasts (745 million), it announced on Tuesday.

Published on: 02/10/2026 - 1:11 p.m.

Spotify had 290 million paying subscribers at the end of the year, up 10%, slightly above its forecasts (289 million), it said in a press release.

Its quarterly turnover is up 7% to 4.5 billion euros, in line with its expectations.

Quarterly net profit reached 1.17 billion euros, more than 3 times a year, while operating profit increased 47% to 701 million euros, above its forecast.

“In the fourth quarter, we met or exceeded our targets for all key indicators. We had our best quarter in terms of net additions of monthly active users,” commented one of the two co-CEOs, Alex Norström, in the press release.

Spotify co-founder Daniel Ek handed over leadership of the company on January 1 to Mr. Norström and Gustav Söderström, two managers already in place in the group.

“The next wave of technological changes – AI, new interfaces, wearable devices, new ways of interacting with content – ​​will transform the way people discover and experience audio and media,” reacted Daniel Ek, who remains president of the group, in the press release.

For the first quarter of 2026, Spotify anticipates the addition of 8 million active users compared to the end of 2025 and the recruitment of 3 million paying subscribers.

For the current year, Spotify believes it is "well positioned to generate growth and improve margins, as we reinvest to support our long-term potential."

© 2026 AFP

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