1Wk·

SPOTIFY Q4’25 EARNINGS HIGHLIGHTS

$SPOT (+0.74%)


🔹 Revenue: €4.53B (Est. €4.52B) 🟢; +7% YoY

🔹 EPS: €4.43 (Est. €2.85) 🟢

🔹 MAUs: 751M (Est. 745.24M) 🟢; +11% YoY

🔹 Premium Subs: 290M; +10% YoY

🔹 OI: €701M; +47% YoY


Q1 Guide:

🔹 MAUs: 759M (Est. 752.45M) 🟢

🔹 Revenue: €4.5B (Est. €4.57B) 🟡

🔹 Premium Subs: 293M

🔹 Gross Margin: 32.8%

🔹 Operating Income: €660M


Other Metrics:

🔹 Gross Margin: 33.1%

🔹 Free Cash Flow: €834M


Financials:

🔹 Net Income attributable to owners of the parent: €1,174M

🔹 Cash & Cash Equivalents: €5,258M


Capital Return:

🔹 Buybacks: $433M in Q4; $510M in FY25

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