Thought double-digit progress in main European music markets was lifeless? Assume once more.
Spain’s recorded music business maintained sturdy progress within the first half of 2025, with wholesale revenues reaching EUR €162.6 million (USD $178 million), up 10.4% YoY.
That’s in line with new knowledge printed by Promusicae, the commerce physique representing over 85% of Spain’s digital recording market.
Spain’s progress stands in stark distinction to different main markets, whose YoY commerce income progress has slowed to the low single digits this 12 months.
Recorded music income in america elevated by simply 0.9% year-over-year in H1 2025, whereas Germany managed only one.4% YoY progress. France recorded a 3.4% YoY enhance.
Spain’s new figures are reported in wholesale “commerce worth” phrases for the primary time, representing precise income flowing to music corporations fairly than retail shopper spending. Beforehand, Promusicae printed retail worth figures.
At retail worth, H1 2025 revenues would translate to €288.8 million ($316m).
Spain’s total wholesale music streaming revenues reached €144.2 million ($158m) in H1 2025, rising 10.2% YoY – however inside that determine had been blended fortunes for subscription and ‘free’ streaming platforms.
Paid subscription streaming led the cost with €103.7 million ($113m) in wholesale income, up 18.9% YoY.
That’s doubly spectacular contemplating Spotify didn’t increase costs in Spain through the comparative interval. (In response to native stories, Spain is getting a €1-per-month rise within the value of normal Spotify ‘Premium’ this month – September 2025 – to €11.99 per thirty days.)
In the meantime, ad-supported audio streaming revenues declined 15.4% YoY in H1 2025 to only €18.6 million ($20m).
And ad-supported video streaming revenues remained comparatively flat, rising simply 1.3% YoY to €21.8 million ($24m).
Whole streaming revenues now characterize 88.6% of Spain’s complete recorded music market, says Promusicae.
The decline in ad-supported audio revenues might mirror deteriorating per-stream promoting charges, fairly than simply person migration.
Italy skilled an identical phenomenon in 2024, the place ad-supported streaming quantity surged 53.1% year-over-year however revenues grew simply 0.4%, implying a big decline in per-stream advert income.
“Though the adoption of subscription fashions continues to develop, we’re nonetheless removed from the penetration charges of paid subscriptions seen in neighbouring nations.”
Promusicae
Promusicae’s annual “Radiography of the Recorded Music Market 2024” report — printed alongside the H1 2025 numbers — notes that Spain continues to lag behind neighboring nations in paid subscription penetration charges.
In response to the report: “Though the adoption of subscription fashions continues to develop, we’re nonetheless removed from the penetration charges of paid subscriptions seen in neighbouring nations, which have confirmed to be the important thing to consolidating digital progress and guaranteeing a wholesome and highly effective business at a world stage.”
Spain’s bodily market confirmed stunning power in H1 2025, rising 14.8% YoY to €17.4 million ($19m) within the first half of 2025.
This progress was pushed totally by vinyl gross sales, which jumped 25.6% YoY to €12 million ($13m), representing 68.8% of all bodily gross sales income.
CD gross sales declined 3.2% YoY to €5.34 million.
Spain’s bodily market stays comparatively small at simply 10.7% of complete market gross sales/streaming revenues.
Regardless of Spain’s sturdy H1 2025 progress figures, Promusicae President Antonio Guisasola highlighted ongoing challenges going through the Spanish market.
Guisasola stated: “It’s greater than confirmed that streaming is at the moment the primary type of consumption sustaining the music market, though we should not neglect that the general public continues to indicate nice curiosity in bodily merchandise, particularly vinyl data.”
Guisasola additionally addressed the challenges posed by synthetic intelligence to the business.
“We want, along with sustaining public help, the dedication of public authorities to help and implement measures to help the sector, comparable to tax incentives for Spanish phonographic manufacturing, or guaranteeing that laws in defence of mental property is enforced in relation to the usage of protected works by AI builders,” he stated.
In February 2025, Promusicae reported that Spain’s recorded music market grew 9.4% YoY in full-year 2024 to €569 million (on a retail foundation), with subscription streaming driving most of that progress.
In response to the IFPI World Music Report 2025, Spain ranked because the world’s 14th largest music market in 2024.
Partly because of digital piracy, the market has fallen from being the world’s seventh largest music market in 2001.Music Enterprise Worldwide
