Spotify Revenue and Usage Statistics (2025)

Mansoor Iqbal

Updated: February 25, 2025

Spotify is the world’s biggest music streaming platform by number of subscribers. Users of the service simply need to register to have access to one of the largest collections of music in history, plus podcasts and other audio content.

It operates on a freemium model. Free Spotify access comes with lower sound quality, advertisements and requires an internet connection. Those who pay for Spotify Premium can listen uninterrupted to high-quality recordings and are able to download songs for offline listening.

Spotify was founded in 2006 in Stockholm, Sweden, by Daniel Ek and Martin Lorentzon. The two wanted to create a legal digital music platform to respond to growing challenge of online music piracy in the early 2000s.

Eventually convincing record labels to agree to share content in return for an aggregate 20 percent stake, Spotify was launched in 2008. It was an instant success, with a Facebook partnership helping it rise rapidly to prominence. Surviving the transition to mobile, Spotify went public in April 2018, with a market cap of $26.5 billion after the first day of trading.

It has drawn criticism from recording artists, who complain that it pays too little. Claims to democratize the music industry have also been questioned, with the world’s biggest four music labels responsible for 87 percent of content available on Spotify.

Unfair or not, with the days of physical music long behind us (with the exception of vinyl junkies), Spotify dominates the way we consume music this century. It does have some competition in the field however, its rivals include Apple Music, Amazon and YouTube, alongside smaller and less well funded services.

Spotify has branched into podcasts, acquiring some of the leading podcasters and podcast networks, such as the Joe Rogan Experience, The Ringer, and Gimlet Media. It sees this as the next pillar of its streaming service, potentially keeping users locked onto the platform for longer. Audiobooks are another layer of the listening market that Spotify is trying to compete in, offering 15 hours free to premium subscribers.

We have collected data and statistics on Spotify. Read on below to find out more. Looking for in-depth information? Check out our music app report.

Spotify Key Statistics

  • Spotify generated €15.6 billion revenue in 2024, a 17.9% increase year-on-year
  • Spotify published its first annual net profit in 2024 of €1.1 billion
  • 626 million people use Spotify once a month, 246 million are subscribers
  • Spotify has the most subscribers in Europe, followed by North America and then Latin America
  • 100 million songs are available on Spotify and five million podcasts

Spotify Overview

Title 1Title 2
Launch date23 April 2006
HQStockholm, Sweden
PeopleDaniel Ek (CEO, co-founder), Martin Lorentzon (co-founder)
Company typePublic (NYSE: SPOT)
IndustryMusic streaming

Spotify Revenue

Spotify increased its annual revenue by 17.9% in 2024 to €15.6 billion. It has tripled its revenue in the past five years.

Spotify revenue 2016 to 2024 ($mm)

Spotify revenue 2016 to 2024 ($bn)

YearRevenue (€bn)
20162.94
20174.62
20185.25
20196.76
20207.88
20219.66
202211.72
202313.24
202415.62

Sources: Music App Report, Company data

Spotify Profit

Spotify’s reported its first net profit in 2024, an indication that it’s shift to other types of audio content is working.

Spotify net income / loss 2009 to 2024 (€mm)

YearNet income / loss (€mm)
2009-18.8
2010-28.5
2011-45.4
2012-83.6
2013-63
2014-188
2015-230
2016-539
2017-1235
2018-78
2019-186
2020-581
2021-34
2022-430
2023-532
20241138

Sources: Music App Report, Company data

Spotify ARPU

Spotify average revenue per user increase in 2024 to €4.62, the highest its been in five years.

Spotify average revenue per user 2015 to 2024 ($)

YearAverage revenue per user (€)
20156.84
20166.2
20175.32
20184.89
20194.86
20204.41
20214.29
20224.54
20234.27
20244.62

Note: Values taken in Q2 of each year. Source: Company data

Spotify Users

Spotify had 626 million unique users in 2024, who either use the platform for free with ads or subscribe for ad-free access.

Spotify users 2015 to 2024 (mm)

Spotify users 2015 to 2024 (mm)

YearUsers (mm)
201577
2016104
2017138
2018180
2019232
2020299
2021365
2022433
2023551
2024626

Note: Values are from Q2 of each respective year. Source: Company data

Spotify Users by Region

Spotify’s rest of world subscribers surpassed Europe for the first time in 2023, becoming the largest market.

Spotify users by region 2016 to 2023 (mm)

YearEuropeNorth AmericaLatin AmericaRest of World
20164036208
201751462813
201866563820
201983654935
2020102776654
2021124888073
20221389795103
2023159111116165
2024169107138212

Source: Company data

Spotify Subscribers

Spotify had 246 million subscribers in 2024, a 11.8% increase year-on-year. It surpassed 200 million in Q4 2022.

Spotify subscribers 2015 to 2024 (mm)

Spotify subscribers 2015 to 2024 (mm)

YearSubscribers (mm)
201522
201636
201759
201883
2019108
2020138
2021165
2022188
2023220
2024246

Source: Company data

Spotify Subscribers by Region

Spotify had 92 million subscribers in Europe and 64 million in North America, aligning with the regional splits for users.

Spotify subscribers by region 2018 to 2024 (mm)

YearEuropeNorth AmericaLatin AmericaRest of World
20183326177
201943322211
202054402915
202166483318
202273543922
202386624626
202492645535

Source: Company data

Spotify Age Demographics

A majority of Spotify users are under 35 years old, but the average age has been increasing steadily over the years, as music streaming becomes the dominant listening format for all ages.

Spotify age demographics 2024 (%)

AgePercentage of users
18-2426
25-3429
35-4416
45-5411
55+19

Note: Covers US age demographics. Source: Verto Analytics 

Spotify Gender Demographics

Women make up 56% of Spotify’s usage, which matches with surveys conducted on Apple Music users.

Spotify gender demographics 2024 (%)

GenderPercentage of users
Female56
Male44

Note: Covers US age demographics. Source: Verto Analytics 

Spotify Usage Time by Region

North American users spend the most time on Spotify every day, European users spend the least amount of time on the platform.

Spotify daily usage time by region 2024 (minutes)

RegionAverage daily usage (minutes)
North America140
Middle East & Africa124
Latin America117
Asia Pacific110
Europe99

Source: GlobalWebIndex

Spotify vs Competitors: Subscribers

Spotify is far ahead of competitors in terms of total subscribers, and has extended its lead over the past half decade.

Music streaming subscribers by app 2016 to 2024 (mm)

Want to learn more? Check out our Music App Report

Spotify FAQ

How many songs are on Spotify?

Spotify currently holds 100 million songs in its library, with 60,000 added every day

Who is the most streamed artist on Spotify?

Drake is the most streamed artist, with more than 40 billion lifetime plays (ChartMasters)

What is the most streamed song on Spotify?

Ed Sheeran’s Shape of You holds the top spot at 4.3 billion plays (full list)

How many countries is Spotify available in?

Spotify is currently available in 171 markets

How many Spotify users access the app once a day?

44% of users listen to Spotify on a daily basis (Goodwater Capital) 

How many podcasts are on Spotify?

Spotify currently holds five million podcasts in its library

How much does Spotify pay an artist per stream?

Estimates vary on how much a Spotify stream is worth to artist: from $0.006-0.0084 to as low as $0.00318 per stream (The Verge/Soundcharts)

How much has Spotify paid out to rights holders since launch?

Spotify claims it has paid €21 billion to rights holders