Daniel Ek Steps Down as Spotify Hits Record 751 Million Users

Spotify reported record results for 2025 with 751 million monthly active users as Daniel Ek transitioned from chief executive to executive chairman.New Co-CEOs Alex Norström and Gustav Söderström saw revenue grow to €4.5 billion and operating income hit €701 million, sparking a 16% stock surge in the USA.The firm paid more than $11 billion to music creators while expanding its FC Barcelona partnership and increasing its cash reserves.