Spotify (SPOT) q4 2025 earnings

Spotify‘s stock popped 10% as the music streaming platform added more users and bolstered features in newer markets.

Here’s how the company did compared to LSEG estimates.

• Earnings per share: 4.43 euros vs 2.74 euros expected
• Revenue: 4.53 billion euros vs 4.52 billion euros expected

Revenues in the fourth quarter rose 7% year over year.

The Swedish company said monthly active users jumped 11% from a year ago to 751 million, surpassing the 744.7 million expected by analysts polled by FactSet. Paid subscribers jumped 10% year over year to 290 million.

Spotify attributed strong user additions to growth in Latin America, Europe and the rest of the world and improvements to its mobile free tier.

The streamer’s 476 million ad-supported user numbers also beat estimates, topping the 468.9 million expected by StreetAccount.

The company also launched audiobooks in new markets and rolled out music videos for premium users, along with more artificial intelligence tools in the fourth quarter.

This month, Spotify also hiked prices for Premium users in the U.S., Estonia and Latvia.

The music platform said 2025’s “Spotify Wrapped,” which breaks down user listening hours and most popular songs at the end of the year, was its most successful ever. Over 300 million users interacted with the feature, which collected more than 630 million shares on social media, Spotify said.

Net income grew to 1.17 billion euros, or 4.43 euros per share, from 367 million euros, or 1.76 euros per share, in the year-ago period.

Looking ahead, Spotify expects to grow monthly active users by 8 million to 759 million, surpassing a 752.4 million estimate from FactSet. Total premium subscribers are forecast to hit 293 million.

For the current quarter, Spotify expects revenue to total 4.5 billion euros, with a 670 basis point headwind year-over-year from foreign exchange rates. That came up short of a 4.58 billion euros estimate.