In 2024, music streaming service Spotify generated a revenue of ***** billion euros, reaching company’s first-ever full year of profitability. The majority of Spotify's revenues came from its premium subscribers rather than ad placements. Founded in Stockholm in 2005, the former start-up is now a market leader in the digital music streaming sector, competing alongside established companies such as Apple and their streaming service Apple Music. Spotify’s record operating income in 2024 While Spotify has established itself as a market leader, generating high revenue, it has also seen a significant turnaround in operating income. The company moved from a loss of *** million euros in 2023 to a record operating profit of **** billion euros in 2024. This milestone was driven by growth in revenue, cost optimizations, and a surge in premium subscriptions. The net income of Spotify seems to confirm this, as Spotify recorded a net profit of **** billion euros in 2024, compared to a net loss of *** million euros in 2023 and *** million euros in 2022. The music streaming market is expanding While Spotify has struggled with generating an operating income, the music streaming market is actually expanding. The number of subscribers to music streaming services has steadily been rising, highlighting the increased popularity of digital music consumption. While this development goes hand in hand with a decrease in physical music sales, the more recent upsurge in audio content streaming can partly also be attributed to the heightened demand in entertainment caused by the coronavirus pandemic.

In the most recent reported fiscal year, Spotify generated approximately 13.82 billion euros in premium revenue and 1.85 billion euros in ad-supported revenue. Both figures were the highest reported to date, with premium revenue having grown by more than ten billion euros since 2017. Contributing to Spotify’s success was its strong global subscriber base – as of the third quarter of 2024, the music streaming platform had 252 million premium subscribers worldwide. Spotify has gained significant popularity across multiple markets, particularly in the United States, where over 26 percent of 18 to 34-year-olds reported using the service in 2018. Spotify’s competition Spotify’s closest competitor is Apple Music. That said, Apple’s worldwide subscribers are almost half that of Spotify’s, despite both services being popular for different reasons. Theoretically, Pandora Radio could have presented Spotify with a fair amount of competition, but this was not to be. Pandora’s radio station format failed to match Spotify’s playlist set-up in terms of popularity, and Pandora struggled to convert its users into paid subscribers, something which Spotify has always been good at. Pandora Radio received heavy investment from Sirius XM in 2017 and was officially acquired by the company in early 2019, so it will be interesting to see what happens in the future as Sirius gets to work on Pandora’s audience and attempts to generate cash from its arguably wide (but unpaid) user base. For now though, it seems that Spotify’s position remains safe.

With music streaming not slowing down on its conquest to revolutionize the way we consume music, is the same to say about the companies that are leading the change? For Spotify, it looks like yes. The Swedish streaming giant has seen an overall increase in quarterly revenue since its foundation by CEO Daniel Ek in 2006. In the second quarter of 2025, the company accumulated a revenue of over **** billion euros. This growth is mirrored by its expanding subscriber base, rising from *** million premium subscribers in Q4 2023 to *** million in Q1 2025. Additionally, Spotify reached a record high in annual revenue in 2024, generating over ** billion euros—underscoring its continued dominance in the global music streaming market. Spotify’s record operating income in 2024 Despite its success as a global streaming leader, Spotify had reported significant operating losses for six consecutive quarters starting in late 2021, peaking at a record *** million euros in the second quarter of 2023. These losses were largely attributed to heavy investments in platform development, acquisitions—particularly in the podcast sector—and rising research and development spending, which totaled **** billion euros in 2023. However, the company began to recover in 2024, marking a major financial milestone with a record operating income of **** billion euros for the year, including *** million euros in the second quarter alone. This turnaround was driven by strong revenue growth, cost optimization strategies, and a surge in premium subscriptions. Spotify’s return to profitability was further confirmed by its first-ever annual net profit of **** billion euros in 2024, following net losses of *** million euros in 2023 and *** million euros in 2022. Market competitors In recent years, Spotify has been dominating the market, expanding the distance between itself and other competitors. With a ** percent share of streaming subscribers, the Swedish company is way ahead of other streaming sites such as Apple Music, with a share of ** percent. Nonetheless, newer streaming services are still entering the market: the French streaming site Deezer, for example, decided to go public in the second half of 2022 and generated a gross profit of ***** million euros in 2023. Developments like this show that despite the streaming market being very competitive, there might still lie potential for growth in terms of user penetration but also different streaming services.

Spotify Revenue, Expenses and Its Premium Users contains the number of premium users, number of Ad-supported users and total monthly active users (MAUs).

MAUs include number of premium users as well as number of Ad-supported users.

Note : Sum of Premium Users and Ad-supported users can have some difference from MAUs. Note : All money figures are in Euro millions except ARPU which is in Euro and as it is. **Note : All users figures are in millions. ** Note : Kindly Ignore the last row.

Following definitions: MAUs : It is defined as the total count of Ad-Supported Users and Premium Subscribers that have consumed content for greater than zero milliseconds in the last thirty days from the period-end indicated. Premium MAUs : It is defined as users that have completed registration with Spotify and have activated a payment method for Premium Service. Ad MAUs : It is defined as the total count of Ad-Supported Users that have consumed content for greater than zero milliseconds in the last thirty days from the period-end indicated. Premium ARPU : It is average revenue per user which is monthly measure defined as Premium subscription revenue recognized in the quarter indicated divided by the average daily Premium Subscribers in such quarter, which is then divided by three months. Cost of Revenue : It is expenses done by company.

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The music and podcast app Spotify generated a monthly app revenue of about ***** thousand U.S. dollars in Japan in December 2024. The total app revenue during that year exceeded *** million dollars. The app was released in 2014 and is operated by Spotify AB. The company entered the Japanese market in September 2016.

Spotify's global revenue in the third quarter of 2025 was primarily derived from its premium segment, which generated over **** billion euros during that period. Meanwhile, following a decline in ad-supported revenue in 2020 due to the negative impact of the COVID-19 pandemic, the segment began to recover and reached an all-time high of *** million euros in the fourth quarter of 2024. However, it declined again afterwards, falling to ****million euros in the third quarter of 2025

📊 About the Dataset

This dataset captures the global music streaming trends on Spotify for the year 2024. It provides valuable insights into user preferences across various countries, top-performing artists and albums, streaming hours, and listener behavior patterns. It is designed to support data analysis, machine learning models, and business intelligence dashboards in the music and media industry.

With over 500 rows of clean, non-duplicated, and realistic entries from countries around the world, this dataset is ideal for uncovering:

• Global music popularity patterns
• Listener engagement across genres and demographics
• Artist performance across countries
• Revenue forecasting and content recommendations

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Key Music Streaming App StatisticsTop Music Streaming AppsMusic Streaming RevenueMusic Revenue by FormatMusic Streaming MarketshareMusic Streaming Subscribers by AppMusic Streaming Users by AppMusic...

Over the period presented, the revenue of Spotify, online music and podcast streaming app, fluctuated in Poland. The app reached its highest monthly revenue in December 2023, amounting to over *** thousand U.S. dollars.

As of July 2024, the artist with the most monthly listeners on Spotify worldwide was The Weeknd, with more than 105 million monthly listeners. In second position stood Taylor Swift, closely followed by Billie Eilish. Taylor Swift with 97.4 million monthly listeners as of July 2024, has been making headlines with her new albums, rerecorded music, as well as her sold-out Era's tour which managed to broke records in the live music industry worldwide. Spotify streams as an indicator of the popularity of artists The number of streams listened to on Spotify is an important indicator of the success of an artist and the popularity of specific songs, since Spotify is one of the most popular streaming platforms worldwide. Over the last years, the Swedish audio streaming and media giant has been steadily growing, reaching a revenue of 7.88 billion euros in 2020. The majority of this revenue was generated through premium subscription rather than advertisement on the platform. The number of global employees of Spotify has been rising alongside the company’s growth, with most of them working in the United States. However, while Spotify is currently the most popular global music steaming provider, there are other important market players in the business, most importantly Apple Music. The music streaming market is booming The trending popularity of these services is directly related to significant developments that are changing the music industry. Changes such as the move from physical music sales towards a more digital form of music consumption benefits streaming services as they gain more subscribers. This overall trend that has emerged over the last two decades has accelerated due to coronavirus pandemic of 2020 during which people started to increase their audio consumption, generating a higher demand for audio entertainment.

Discover the booming online music payment market! Explore key trends, revenue projections, leading players (Spotify, Apple Music, Amazon Music), and regional growth forecasts for 2025-2033. This comprehensive analysis reveals the opportunities and challenges in this dynamic sector.

If you find this dataset useful, your support through an upvote would be greatly appreciated ❤️🙂

This dataset contains a comprehensive list of the most famous songs of 2023 as listed on Spotify. The dataset offers a wealth of features beyond what is typically available in similar datasets. It provides insights into each song's attributes, popularity, and presence on various music platforms. The dataset includes information such as track name, artist(s) name, release date, Spotify playlists and charts, streaming statistics, Apple Music presence, Deezer presence, Shazam charts, and various audio features.

For more related datasets: https://www.kaggle.com/datasets/rajatsurana979/fifafcmobile24 https://www.kaggle.com/datasets/rajatsurana979/most-streamed-spotify-songs-2023 https://www.kaggle.com/datasets/rajatsurana979/comprehensive-credit-card-transactions-dataset https://www.kaggle.com/datasets/rajatsurana979/hotel-reservation-data-repository https://www.kaggle.com/datasets/rajatsurana979/percent-change-in-consumer-spending https://www.kaggle.com/datasets/rajatsurana979/fast-food-sales-report/data

Key Features: - track_name: Name of the song - artist(s)_name: Name of the artist(s) of the song - artist_count: Number of artists contributing to the song - released_year: Year when the song was released - released_month: Month when the song was released - released_day: Day of the month when the song was released - in_spotify_playlists: Number of Spotify playlists the song is included in - in_spotify_charts: Presence and rank of the song on Spotify charts - streams: Total number of streams on Spotify - in_apple_playlists: Number of Apple Music playlists the song is included in - in_apple_charts: Presence and rank of the song on Apple Music charts - in_deezer_playlists: Number of Deezer playlists the song is included in - in_deezer_charts: Presence and rank of the song on Deezer charts - in_shazam_charts: Presence and rank of the song on Shazam charts - bpm: Beats per minute, a measure of song tempo - key: Key of the song - mode: Mode of the song (major or minor) - danceability_%: Percentage indicating how suitable the song is for dancing - valence_%: Positivity of the song's musical content - energy_%: Perceived energy level of the song - acousticness_%: Amount of acoustic sound in the song - instrumentalness_%: Amount of instrumental content in the song - liveness_%: Presence of live performance elements - speechiness_%: Amount of spoken words in the song

Discover the booming cloud music services market! Explore its 13% CAGR, key drivers, regional analysis (North America, Europe, Asia-Pacific), leading players (Spotify, Apple Music, Amazon Music), and future trends in this comprehensive market report. Learn about market size projections through 2033. Recent developments include: January 2023: With 14% YoY growth, Spotify announced its premium subscriber base touched 205 million, making it the world's first music streaming player with such a large user base. At the beginning of 2022, Spotify announced an investment of $100 million in the licensing, development, and marketing of music and audio content from historically underrepresented creators. These factors helped Spotify reach a milestone in the music industry., November 2022: Amazon Prime increased the limits for its users by allowing access to 100 million songs, up from 2 million earlier. The catalog will now match the rival Apple Music Stream. Under the Prime membership, 'All-Access' playlists will be available for on-demand listening with an advertising-free option. The new catalog will carry Amazon-exclusive podcasts., November 2022: Deezer, another player in music streaming, partnered with Dazn, which streams live sports in Italy. With this partnership, Dazn subscribers will enjoy their favorite tracks, albums, and playlists on Deezer, along with football and other premium sports content.. Notable trends are: Increasing Penetration of Smartphones and Tablets drives the Market for Cloud Music Services.

In 2024, Spotify reported its first-ever annual net profit of 1.14 billion euros, after a net loss of 532 million euros in 2023 and 430 million euros in 2022. This turnaround reflects strong revenue growth, cost optimizations, and a surge in premium subscribers. Since its launch, the company has struggled with profitability, experiencing its largest net loss of 581 million euros in 2020. However, with increasing revenues and strategic adjustments, Spotify has solidified its position as a leader in the music streaming industry. Further information Spotify is one of the leading online streaming services worldwide, experiencing rapid growth over the years. With a compound annual growth rate of 61 percent over 14 years, the platform reached 265 million paying subscribers by the end of 2024. The music streaming service also hit an all-time high of 640 million active users globally, marking a 12 percent increase in just one year. Spotify has proved popular across various markets, cementing its position as the dominant player in the digital music industry. Spotify has proved popular in multiple markets across the world, namely the United States, where more than 25 percent of 18 to 34-year-olds reported using the service. Spotify’s appeal does not only lie in its music streaming and online radio capabilities but the platform’s strong social components such as users being able to add and message friends, as well as being able to create and share music playlists as well as recommend tracks to connected users. Spotify also allows users to login with their Facebook accounts and to cross-post their listening habits to the social network In 2015, the company’s revenue surpassed 1 billion euros for the first time but not without a cost – that year, Spotify’s net loss amounted to 162 million euros. A major part of Spotify’s expenses are the royalty fees that the streaming platform has to pay to the music artists and license holders, with payments amounting to over 882 million U.S. dollars in 2014. As the music streaming industry continues to expand, digital streaming revenue in the United States reached 14.36 billion U.S. dollars in 2023, accounting for the majority of the music industry’s total revenue.

The booming online music payment market is projected to reach $25 billion in 2025, driven by streaming subscriptions and global internet expansion. Learn about key market trends, challenges, and leading players like Spotify, Apple Music, and Amazon Music. Explore the growth potential and regional variations in this dynamic industry.

The global music streaming service market is experiencing robust growth, projected to reach $8,984.2 million in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 16.6% from 2025 to 2033. This expansion is fueled by several key factors. The increasing affordability and accessibility of smartphones and high-speed internet are making music streaming more convenient for a wider audience. Furthermore, the rise of personalized playlists, curated radio stations, and sophisticated recommendation algorithms enhance user engagement and drive subscription growth. The market's competitive landscape, with established players like Spotify, Apple Music, and Amazon Music competing alongside innovative newcomers, fosters continuous improvement in service quality, features, and pricing strategies. This competitive dynamic also fuels innovation, with companies constantly seeking to enhance user experience through advanced features like lossless audio, interactive live streams, and enhanced social interaction tools. Growth in the market is also spurred by the expanding adoption of smart speakers and other connected devices that seamlessly integrate music streaming into daily routines. However, challenges persist, including the ongoing debate surrounding fair compensation for artists and copyright issues that require careful navigation by both streaming services and content creators. Regional variations in market penetration also present opportunities and challenges; expansion into developing markets with high population density presents significant growth potential, while navigating differing regulatory landscapes in established markets requires strategic adaptation. Overall, while the music streaming market faces challenges, its positive trajectory is firmly set, driven by technological advancements, evolving consumer preferences, and the ongoing competition among leading providers. The forecast period (2025-2033) is expected to witness continued market expansion based on the sustained CAGR and the factors mentioned above.

The global online music platform market is experiencing robust growth, driven by increasing smartphone penetration, affordable data plans, and the rising popularity of streaming services. The market size in 2025 is estimated at $50 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 15% from 2025 to 2033. This growth is fueled by several key trends, including the expansion of subscription-based models, the increasing adoption of personalized music recommendations, and the integration of online music platforms with other digital services. The rise of podcasts and audiobooks within these platforms further contributes to their overall appeal and user engagement. Competitive pressures from established players like Spotify and Apple Music, alongside regional giants like NetEase Cloud Music and Tencent Music Entertainment (QQ Music, Kugou Music, Kuwo Music), are driving innovation and improvements in user experience, features, and audio quality. However, challenges remain. Concerns regarding artist compensation and royalty payments continue to be debated. Furthermore, piracy and the prevalence of free, ad-supported services pose ongoing threats to market revenue and sustainable growth. Regional variations in market penetration and consumer preferences also influence the overall market dynamics. Despite these restraints, the long-term outlook for the online music platform market remains positive, with a projected market size exceeding $150 billion by 2033, driven by continued technological advancements and expanding global internet accessibility. The market segmentation is largely defined by platform type (subscription vs. ad-supported), device usage (mobile vs. desktop), and geographic location. The competitive landscape is characterized by a mix of global and regional players, each vying for market share through differentiation strategies and strategic partnerships.

The music streaming market is booming, projected to reach $140.6 billion by 2033 with a 19.99% CAGR. Discover key trends, leading companies like Spotify and Apple Music, and regional market analysis in this comprehensive report. Explore the drivers, challenges, and future outlook for this dynamic industry.

The global music streaming subscription service market is experiencing robust growth, driven by the increasing affordability of smartphones and data plans, coupled with the rising popularity of on-demand audio and video content. The market's expansion is fueled by a surge in user adoption across diverse age groups, particularly among younger demographics who are digitally native and accustomed to subscription-based services. Technological advancements, such as improved audio quality (high-fidelity audio), personalized recommendations, and integration with smart speakers and other connected devices, further enhance the user experience, driving market expansion. Competition among major players like Spotify, Apple Music, Amazon Music, and YouTube Music is fierce, leading to continuous innovation in features, pricing strategies, and content acquisition. This competitive landscape benefits consumers with a wider selection of services and pricing tiers, while also pushing companies to constantly improve their offerings. Geographical expansion into emerging markets with growing internet penetration also represents a significant growth opportunity. While challenges remain, such as concerns around artist compensation and piracy, the overall market trajectory points towards sustained growth throughout the forecast period. Despite challenges, the market's future remains bright due to several factors. The increasing adoption of smart devices and the proliferation of affordable high-speed internet globally contribute to an expanding subscriber base. Furthermore, the integration of music streaming into broader entertainment ecosystems, such as bundled services with video streaming platforms, enhances value propositions and attracts new subscribers. Continued innovation in personalization algorithms, artificial intelligence-driven playlist generation, and immersive audio experiences will drive user engagement and loyalty. While piracy and copyright issues represent ongoing challenges, the industry is proactively addressing these concerns through partnerships with rights holders and technology advancements that deter unauthorized access. The market's segmentation continues to evolve, with specialized services catering to niche musical tastes and demographics. The anticipated CAGR, even without a specified value, suggests a consistently expanding market opportunity.

The global music streaming market is booming, projected to reach over $100 billion by 2033, fueled by smartphone adoption and platform innovation. Learn about key players like Spotify, Apple Music, and Tencent Music, market trends, and future growth projections in this comprehensive analysis.