Spotify Technology (SPOT) Q4 2025 (EUR): EPS 4.43 (exp. 2.74), Revenue 4.5bln (exp. 4.52bln)

Spotify's Q4 results significantly exceeded EPS expectations, suggesting strong profitability momentum, although revenue slightly fell short.

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Spotify Technology (SPOT) Q4 2025 (EUR): EPS 4.43 (exp. 2.74), Revenue 4.5bln (exp. 4.52bln)

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  • Q4 MAU 751mln (exp. 745.2mln)
  • Q4 total premium subscribers 290mln (exp. 289.4mln)

GUIDANCE:

  • Q1 users MAU view 759mln (exp. 752mln)
Context

The growth in monthly active users (MAU) and premium subscribers hints at healthy engagement, which is a positive signal for future guidance. Overall, this could bolster confidence in Spotify's competitive position and lead to upward adjustments in market forecasts.

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