Global music streaming platform Spotify reported an 11%year-on-year increase in monthly active users, reaching 713 million in the third quarter of 2025, marking a significant milestone for the world’s large studio streaming platform, even as its net income soared to 899m Euros. The company outperformed projections of 710.6 million, driven by strong growth in subscriptions. In August, the company raised subscription prices by about 9% across multiple regions, including South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific. Despite the hikes, subscriber growth was recorded globally. Revenue increased by 7% to €4.27 billion ($4.9 billion).
Premium subscribers were reported to be roughly in line with estimates. Following the earnings report, Spotify’s shares gained 4.2%in premarket trading on Tuesday. Spotify’s operating income for Q3 2025 stood at €582million, representing a 43% increase year-on-year. The streaming giant also recorded a net profit of €899 million, a major improvement from the €86 million loss reported in the same quarter of 2024.Ad-supported revenue, however, declined 6% from a year ago due to pricing pressure, the company said. “We have the tools we need: pricing, product innovation, operational leverage, and eventually the ads turnaround to deliver both revenue growth and profit expansion,” Ek said in a statement. As Spotify continues to evolve, the company announced that Daniel Ek will step down as CEO at the start of 2026 to become executive chairman. From January 1, 2026, Spotify will transition to a dual CEO structure led by Gustav Söderström, currently co-president and chief product and technology officer, and Alex Norström, co-president and chief business officer. At the end of Q3, Spotify had 7,323 full-time employees worldwide.
In October, Spotify expanded its automated advertising ecosystem. The company introduced a major collaboration with Amazon DSP, allowing advertisers using Amazon’s demand-side platform to access Spotify’s global audio and video inventory. The partnership combines Amazon’s extensive audience data with Spotify’s 696 million monthly users, offering brands new opportunities to deliver targeted campaigns with improved attribution and full-funnel measurement. Spotify also strengthened its programmatic reach through direct integrations with Yahoo DSP and ID5. The Yahoo partnership enables advertisers to buy Spotify inventory directly, with early results showing conversion rates up nearly 70% and cost per action falling by about 90% between July and September 2025. The ID5 collaboration enhances audience address ability for campaigns across Europe. In addition, Spotify announced that from 2026, Megaphone-hosted podcast publishers will be able to set up private market place deals through the Spotify Ad Exchange, giving them more control over monetization and advertiser relationships.
Raenest, has announced the removal of all deposit charges for users receiving payments in USD, GBP, and EUR, allowing freelancers, creators, solopreneurs, and remote workers to enjoy four free deposits each month as part of a limited-time campaign starting November 3, 2025.
The Zero Deposit Fees campaign is part of Raenest’s ongoing effort to make receiving global payments more affordable for people who work, create, and earn across borders. Raenest (formerly Geegpay) now offers zero deposit fees for USD, GBP, and EUR accounts, with four free deposits per month during the campaign. Users can receive payments from platforms like PayPal, Payoneer, Wise, Deel, and even stablecoins (USDT & USDC) for free. The offer is available to both new and existing users, making global payments more seamless and affordable. From freelancers getting paid on Upwork, Fiverr, Contra, or People Per Hour, to creators earning from YouTube, TikTok, Twitter, Facebook, or Instagram collaborations, to professionals receiving international payments for remote work.
Raenest now makes receiving global payments free and effortless. With Raenest, you can also receive money on your USD, GBPand EUR accounts from platforms like PayPal, Payoneer, Wise, Deel, and even family abroad, for free. Stablecoins are also supported. You can create a USDT and USDC wallet on Raenest and receive stablecoins for free. This initiative follows Raenest’s recent rebrand and product merge with Geegpay, and it reflects the company’s commitment to its community. It’s both a celebration of this new chapter and a way to reward users for being part of their journey. “Raenest was born from a simple desire to have more control over how I earn and manage my money across borders,” said Victor Alade, CEO and Co-Founder of Raenest.
“That same desire fuels everything we build. We’ redoubling down on our mission to put you in control of your money, your work, and how you earn across borders. With our Zero Deposit Fees campaign, we’re reaffirming that promise. It’s our way of thanking our community for trusting Raenest, and being mindful that transparency, fairness, and reliability aren’t just our values, they’re how we operate every single day.” The offer is available to both existing and new users, meaning anyone who signs up within the campaign period will also enjoy zero deposit fees. It reinforces Raenest’s promise of a frictionless experience, making global earning as seamless and rewarding as it should be. Getting started is easy: new users can download the Raenestapp, create an account, open their USD, GBP, or EUR accounts, and share the details with clients or platforms to start receiving money. Existing users simply need to share their account details with their senders or market places to enjoy zero deposit fees during the campaign period.
Raenest is a global financial platform reimagining how people and businesses manage money across borders. Built for freelancers, founders, creators, and companies operating beyond boundaries, Raenest lets you open multi-currency accounts in USD, GBP, and EUR, receive and send money worldwide, and spend effortlessly with virtual and physical USD cards.