In 2025, Spain’s recorded music industry experienced a remarkable growth, with wholesale revenues reaching EUR €409.5 million (approximately USD $462.3 million), marking a 13.7% increase year-over-year. This data was released by Promusicae, the trade organization representing Spain’s recorded music sector, on March 5.
Promusicae’s report highlights that the wholesale revenue figures reflect the actual income received by music companies, rather than retail consumer spending. When considering retail value, the total market value for 2025 was reported at EUR €674.5 million (USD $761.3 million). Streaming revenues played a pivotal role in this growth, with nearly EUR €300 million (USD $338.6 million) generated from music streaming, which represented a 13% increase from the previous year and accounted for 99.2% of all digital music sales.
Paid subscription streaming services were the primary driver of this growth, generating EUR €214 million (USD $241.5 million) in wholesale revenue, a 19.2% increase year-over-year. This segment constituted 71.3% of total streaming income. In contrast, ad-supported audio and video streaming contributed EUR €86 million (USD $97.1 million), or 28.7% of streaming revenue. Despite ad-supported platforms accounting for 60% of total listening time, they generated less than a third of the streaming income.
Over 21 million individuals in Spain accessed music through audio streaming platforms in 2025, with more than 8 million holding premium subscriptions, an increase of 18% from 2024. However, Promusicae noted that Spain’s paid subscriber base still lags behind other markets that have embraced paid music consumption more fully.
Promusicae’s President, Antonio Guisasola, emphasized the need for improved penetration of paid subscriptions in Spain, citing ongoing challenges in the market. Additionally, physical format sales saw a significant rise, with revenues from vinyl sales soaring by 44.9% to EUR €28.9 million (USD $32.6 million), while CD sales also grew by 9.1% to EUR €12.6 million (USD $14.2 million). Guisasola called for public support to foster a safe environment for investment in new talent, highlighting the importance of reinforcing the streaming model to sustain growth in the industry.
