Data: the growth analysts noticed
Spotify Technology SA released fourth-quarter 2025 results that beat market expectations, reports Bloomberg. Subscriber numbers reached 290 million, while the monthly audience (MAU) was 751 million (year‑over‑year +11%; analysts had on average expected 745.2 million).
Quarterly revenue rose by 13% to €4.5 billion, and operating profit amounted to €701 million (versus projected €639.1 million). The company also paid rights holders more than $11 billion over the year — 10% more than in 2024.
Why the numbers matter for Ukrainian musicians
Audience growth and increased payouts are not just a nice chart in a report. For artists and songwriters this means direct income from streams, greater visibility in international playlists, and more opportunities to monetize content. If the platform is growing its MAU, the share of the “wave” of users discovering a new artist also increases.
Platforms as a tool of cultural security
Together with the positive dynamics, political questions arise. In Ukraine there is discussion about blocking Russian performers on international streaming services by decision of the National Security and Defense Council. This raises the question: how to reconcile the protection of the national information space with the legal and business consequences for platforms?
"Russian performers will be blocked on Spotify, Apple Music and other platforms by decision of the National Security and Defense Council"
— Oleksandr Sanchenko, head of the Verkhovna Rada subcommittee on the music industry, president of UAME
What Spotify says
"The fourth quarter of 2025 recorded the largest net increase in MAU in Spotify's history"
— official Spotify statement
"Our 11th Wrapped was bigger, bolder and more inclusive... at the time the Wrapped campaign concluded it had over 300 million engaged users and over 630 million social shares, in 56 languages"
— Spotify press service
Implications and risks
For the Ukrainian industry this is an opportunity: a growing platform means larger payments to creators and more promotional tools. At the same time, decisions to block content create legal and technical challenges for platforms and may affect payout mechanics and the algorithmic distribution of content.
Conclusion
Spotify shows that streaming remains a key channel for the global music market — and therefore for Ukrainian music. The task for the state and the industry now is to turn this growth into stable incomes and a secure information space without losing access to global audiences. Whether platforms, the legal system and the market itself are ready for this is a question of open decisions that will affect our artists' revenues and visibility in the coming years.
