Spotify Earnings, Something Feels off With Spotify, It's Time to Push Apple Music
Hello everyone. The initial plan was to have this update cover Spotify’s earnings along with a few other news items. However, in going through Spotify’s earnings call transcript, it quickly became apparent that a different discussion was needed. We will have that discussion today. This will free up some space in tomorrow’s update to pursue a few other topics.
Let’s jump in.
Spotify Earnings
Looking back over the past two to three years of Above Avalon Daily Spotify earnings reviews, the prevailing takeaways from our discussions was spectacular user growth offset by mediocre financials.
(As for how Spotify has been able to grow its subscriber base, we can’t underestimate the power of free, unmet demand in emerging markets, and family plan accounting.)
Spotify’s 4Q25 numbers were
Become an Above Avalon Daily subscriber today to continue reading. Already a subscriber? Sign in and read the full essay here.
An audio version of this written update is available to members who have the Podcasts Package attached to their Above Avalon Daily subscription.
Choose either a monthly or annual subscription. Payment is hosted by MoonClerk and secured by Stripe. Apple Pay and other mobile payment options are accepted. After signup, use this link to update your payment information and subscription status at any time.
Subscriber Privileges and Benefits
Exclusive Analysis. Receive the Above Avalon Daily newsletter, widely-recognized as the leading daily newsletter dedicated to Apple. Now in its tenth year.
Archive Access. Access previous updates sent to members in an easy-to-navigate archive built in Ghost.
Full Access to Above Avalon Forum. Access exclusive channels in the Above Avalon forum in Discord.
Email Access to Neil Cybart. Receive timely responses from Neil to email inquiries.
Access Bundle Discounts. Customize a subscription with additional Above Avalon products and save: AVALON, Podcasts Packages, Inside Orchard, and Above Avalon Models.
Above Avalon Support. Play an active role in supporting Above Avalon as an independent voice and resource. Above Avalon is 100% funded by subscribers.