Qobuz Announces 45.7% Revenue Growth in 2025; Hits 1.2M Monthly Listeners

France-headquartered streaming platform Qobuz has published figures documenting its recent growth.

The statistics:

• The platform says its paid subscription revenue grew 45.7% in 2025, more than five times the market average of 8.8%.

• Its annual revenue per user (ARPU) is, according to the company, more than 6.5 times the market norm, with a Qobuz subscriber generating $135.90 in ARPU, compared to the market average of $20.74.

• 80% of its revenue is generated from international markets, with the US its biggest, followed by France.

• It now boasts 1.2 million monthly active users.

Backstory:

• Qobuz was founded in 2007, and since 2015 has been owned by a private, primarily French family-owned group.

• It attributes its growth to “structural choices” it made early, such as being an exclusively paid model with no advertising; delivering high-resolution audio quality, faithful to the original recording; providing 100% human-curated selection, with editorial written by journalists and music experts; and offering downloads as well as streaming.

What they said:

• Georges Fornay, Deputy CEO, Qobuz: “Our conviction has never changed: music at the heart of everything, by humans, for humans. That is what drives every decision at Qobuz, and our results show that this conviction is also a viable business model. Music streaming is a vast market. We have chosen to build our place within it on our own terms: premium, independent, in service of artists and music lovers. That journey is built to last.”