In Q1 2025, Spotify witnessed significant growth in its premium subscriber base. The platform added 5 million subscribers during the quarter, marking the highest quarterly additions since 2020 and representing a 12% year-on-year increase. This substantial growth brings the total number of premium subscribers to 268 million, a record high. While overall MAU reached 678 million, a 10% year-on-year increase, Spotify’s premium subscriptions played a key role in this positive performance. The company attributes these gains to expanding DeFi applications and the increasing interest of institutional investors. Revenue saw notable growth with total revenue for Q1 2025 reaching $4.8 billion and operating income surging to $528 million, fueled by the success of premium subscriptions.