The Listening Shift

Who dominates streaming?

Streaming is now about 69.6% of global recorded-music revenue — and a handful of platforms hold most of the paid subscribers.

69.6%streaming share of revenue (2025)

Spotify~31.7% — the largest single platform

~3%

downloads, after a 13-year decline

Platform shares are approximate global paid-subscriber estimates and vary by source; Spotify's lead is confirmed by company and IFPI reporting. No legal conclusion is made. IFPI Global Music Report 2026.