Overview

• Spotify added 5 million premium subscribers in Q1 2025, reaching 268 million, a 12% year-over-year increase.
• Monthly active users grew 10% to 678 million, aligning with company guidance, while revenue rose 15% to €4.19 billion.
• Operating profit hit a record €509 million but fell short of the projected €548 million due to €76 million in higher-than-expected payroll taxes.
• The company paid out over $100 million to podcast creators in Q1, highlighting its ongoing investment in video and podcast content.
• Spotify forecasts continued growth in Q2 with 689 million monthly active users and 273 million premium subscribers but cautions about macroeconomic uncertainties.