Spotify Technology S.A. ( SPOT ) Q3 2025 Earnings Call November 4, 2025 8:00 AM EST Company Participants Bryan Goldberg - Head of Investor Relations Daniel Ek - Founder, CEO & Chairman Alex Norström - Chief Business Officer & Co-President Gustav Söderström - Co-President, Chief Product & Technology Officer Christian Luiga - Chief Financial Officer Presentation Operator Good morning, and welcome, everyone, to the Spotify Third Quarter 2025 Earnings Call.
Spotify Technology SA (NYSE:SPOT) reported a robust third quarter performance, surpassing expectations on revenue, earnings, and user growth. The audio streaming platform reported a 7% year-over-year increase in revenue to €4.27 billion, slightly ahead of Wall Street estimates of €4.23 billion and the company's guidance of €4.2 billion.
The headline numbers for Spotify (SPOT) give insight into how the company performed in the quarter ended September 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Spotify (SPOT) came out with quarterly earnings of $3.83 per share, beating the Zacks Consensus Estimate of $1.87 per share. This compares to earnings of $1.59 per share a year ago.
Streaming giant Spotify Technology said its third-quarter profit virtually tripled after attracting users who were willing to pay for the service.
Music streamer Spotify saw third quarter operating profits grow a cool 28%, as its paying subscribers hit 281 million. Operating income posted at €582M ($669M), well above the guidance of €485M, with revenue up 7% at €4.27B. Total active monthly users (MAUs) came in at 713 million, up 11% year-over-year and 2% on Q2.
Spotify stock rose as it increased its monthly active users by 11% to 713 million, topping the company's prior guidance of 710 million.
Third-quarter profit beat analyst expectations, and revenue and subscriptions increased.
Spotify Technology SA (NYSE:SPOT) will report earnings on November 4, with Jefferies analysts closely watching recent international price increases, expected US pricing adjustments and ad revenue growth. The analysts have an $800 price target on Spotify, which currently trades at $645.
SPOT's third-quarter 2025 results are likely to reflect subscriber growth, higher ARPU and audiobook expansion, driving momentum.
Spotify (SPOT) closed at $656.68 in the latest trading session, marking a -1.35% move from the prior day.
Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Spotify (SPOT), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2025.