Symbols

SPOT

Spotify Technology·NYSE

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SPOT fundamentals

SPOT Q4 2025 Earnings

Spotify Technology (SPOT) released its earnings on Feb 10, 2026: revenue was 5.32B (YoY +21.17%), beat estimates; EPS was 5.2026 (YoY +185.54%), beat estimates.

Revenue / YoY

5.32B

+21.17%

EPS / YoY

5.2026

+185.54%

Report date

Feb 10, 2026

SPOT Earnings Call Summary for Q4,2025

AI-Driven Innovation: Spotify is leading in agentic media with tools like Interactive DJ and Prompted Playlists, leveraging AI to enhance user engagement and retention. Internal AI tools (e.g., Honk) are accelerating product development.
Financial Performance: Q4 2025 revenue grew 13% to €4.5 billion, with gross margin expanding 83bps to 33.1%. Q1 2026 guidance reflects 15% revenue growth and ARPU expansion of 5-6%.
Market Leadership: Spotify paid out $11 billion to music rights holders in 2025, a global record. Podcast video consumption grew 90%, and audiobooks expanded to new markets with strong publisher feedback.
Subscriber Growth: Q4 marked the highest MAU net additions in Spotify's history, with 0.75 billion monthly users. The enhanced free tier is driving funnel improvements, despite Q1 price increases.
Ad Business Momentum: Ad revenue growth (4% in Q4) is accelerating, with expectations for stronger performance in H2 2026 as the new ad stack gains traction.

Earnings

EPS

Revenue

Revenue & Expenses

SPOT has released its 2025 Q4 earnings report, with revenue of 5.32B, reflecting a YoY change of 21.10%, and net profit of 1.38B, showing a YoY change of 262.69%. The Sankey diagram below clearly presents SPOT's revenue sources and cost distribution.

Key Indicators

Spotify Technology (SPOT) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Spotify Technology (SPOT)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Balance Sheet

Spotify Technology (SPOT)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Cash Flow

Spotify Technology (SPOT)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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