Streaming platforms hit 818 million subscribers, but with just 6% growth, user expansion no longer ensures revenue [IMS Ibiza 2025 Report]

Music subscriptions rose to 818 million in 2024, yet lower per-user revenue points to a deeper challenge for labels. The IMS Business Report 2025, launched this morning at the prestigious IMS Ibiza summit, breaks down the year’s most significant industry paradox: streaming platforms keep adding users, but revenue growth is slowing. The global music subscriber …

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