Spotify saw double-digit growth on its free and paid-subscription tiers for the third quarter of 2025, as the audio streaming delivered results that met or beat Wall Street forecasts.

The company’s added 5 million paid Premium subscribers, up 12% to 281 million. Overall monthly active users grew 11% to 713 million, a better-than-expected 17 million net gain.

Total Spotify Q3 revenue increased 7% to €4.27 billion, while advertising revenue declined -6% (or flat year-over-year on a constant currency basis). Growth in music and podcast advertising sales — driven by growth in impressions sold — was offset by “softness in pricing and optimization of our podcasting inventory in our Owned & Licensed portfolio,” Spotify said in announcing earnings.

Operating income for Q3 was €582 million, up

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