Qobuz records 45.7% revenue growth in 2025 in a paid music streaming market growing 8.8%

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Qobuz reports 2025 revenue growth of 45.7%, far outpacing the broader paid music streaming market’s 8.8% growth. The company says it now serves 1.2 million monthly active users and operates in 26 countries, with the U.S. as its largest market. It also highlights strong unit economics, including positive cash flow, no financial debt, EBITDA break-even under IFRS, and an expected move to positive net income by March 2027. The announcement emphasizes Qobuz’s paid-only, hi-res, human-curated model and its relatively high ARPU and published royalty rate.

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