Spotify Delivers Another Quarter of Explosive Growth

Spotify (SPOT) reported another strong quarter, with Q3 2025 results showcasing rapid user growth and sharply improved profitability. The stock traded up 3.25% early Tuesday following the release.

Key Financial Highlights

Revenue: €4.27 billion (~$4.91 billion), up 7% year-over-year
Net Income: €899 million (~$1.03 billion)
EPS: €3.28 vs. €1.96 expected (FactSet)
Monthly Active Users: 713 million (up from 640 million YoY)
Premium Subscribers: 281 million (up from 252 million YoY)

What’s Driving Growth

Spotify credited its growth to new product features including:

Lossless listening
Playlist mixing controls
Direct messaging between users

These updates helped expand engagement and attract new listeners globally.

Looking Ahead

Spotify expects total monthly active users to reach 745 million by the end of Q4 2025. Despite CEO Daniel Ek announcing his departure by year-end, investor sentiment remains strong — with shares up nearly 48% year to date.