Spotify Q4 2025 Earnings Call Transcript
Bryan Goldberg - Head Of Investor Relations, Spotify:
Welcome to Spotify's fourth quarter, 2025 earnings conference call. Joining…
Chappell Roan fires Wasserman Music as her agent after CEO shows up in Epstein files
When the US government released further documents from the Epstein files last month they included emails between Wasserman Music’s CEO and Epstein accomplice Ghislaine Maxwell. That has led to criticism of Wasserman by artists the company represents - with Chappell Roan firing the agency in protest…
Live Nation risks “subverting rule of law” by lobbying Trump allies to stop antitrust case, say indie venues
As the US government’s antitrust litigation against Live Nation heads to trial, the live giant has reportedly hired the services of Trump allies to try to force an out-of-court settlement. If that’s true, that means Live Nation is “subverting the rule of law”, according to indie venue group NIVA…
Spotify made €17.2 billion last year, with profits of €2.2 billion - and paid just €12 million in tax. Here’s what else we learned from today’s earnings call
Spotify reported its Q4 2025 numbers today and held its first analyst call with its new co-CEO double-act of Gustav Söderström and Alex Norström. The company is calling 2026 its “Year Of Raising Ambition”. Whether that ambition includes the music industry is another story…
🎧 Approved: Girl Scout
Girl Scout’s jazz school chops and a penchant for scrappier music gives their songs a loose, lived-in feel, where melody comes first and polish is optional. New single ‘Keeper’ pulls away from the scuzziness of last month’s ‘Operator’ and sinks into something foggier and more exposed…
Spotify sets out lobbing agenda on leaky pipes, transparency, streaming fraud and levies
Spotify has set out an agenda for how “governments in partnership with industry” could address some of the issues in streaming, including demands around metadata and leaky royalty pipes, as well as calls around AI and streaming fraud. It also once again sets out its opposition to streaming levies…
Pandora accuses MLC of “abusing its position” as it pushes for summary judgement in royalties dispute
Pandora and The MLC have both submitted motions seeking summary judgements in their favour in an ongoing dispute over when the US streaming service should be paying mechanical royalties. Both submissions are forthright, with Pandora claiming that the MLC is “exploiting” and “abusing” its position…
EU regulators tell TikTok to make changes to its “addictive design”
TikTok may be forced to make changes to its app in Europe after EU regulators said it had failed to “adequately assess” the negative impact of its “addictive design”. But TikTok says the European Commission has presented a “categorically false and entirely meritless depiction of our platform”…
California considering ticket touting price cap, while campaigns call on New York to outlaw for-profit resale
Proposals have been made to cap the price of touted tickets in both California and New York. Californian Assembly member Matt Haney has proposed a 10% price cap on resale via his Fans First Act. And the Fix The Tix campaign has called on New York lawmakers to ban for-profit resale and cap admin fees…
Managers at “forefront of an emerging artist-centric music business” need better access to finance and more transparency
The European Music Managers Alliance has published a new report based on a survey of 330 managers. The trade group says the study shows that “managers are at the forefront of an emerging artist-centric music business” but are often “holding the fort in the most challenging of circumstances”…
🎧 Approved: Joseph Terrell
Joseph Terrell isn’t your typical strummy folk protagonist, he’s proof that American folk music still has teeth, and that sometimes the smile comes before the bite…
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