Spotify (SPOT) Shares Surge on Record €2.2B Profits and Subscriber Surge

Spotify shares opened 6% higher on February 13, 2026, before easing, following the release of its earnings report on February 12, 2026. The company closed 2025 with €2.2B in net profits, a 94% increase from the prior year, and 751 million monthly active users, up 11% from 2024. Paying subscribers rose 10%, while the firm achieved a 33.1% profit margin, its highest ever. For Q1 2026, Spotify projects €4.5B in revenue and 759 million MAUs. Management cited cost cuts, price increases, and AI tools such as a prompt-based playlist generator and an agentic DJ as drivers of growth. The company also reported over €11B in artist payments in 2025, the largest annual amount by any platform, and over $1B in live event ticket sales attributed to its platform. Spotify faces expanding AI-generated music challenges and is working with the music industry to enable production method disclaimers.