Spotify
Spotify is expanding in India, with FY2024-25 revenue of ₹514 crore and net profit of ₹75 crore (Business Standard, 2 Oct), and audiobooks launching on 12 November (ET Small Business, 7 Oct). Rivals price close, with Spotify's ₹119 plan against JioSaavn Pro at ₹99 (Financial Express, 26 Aug).
What it means Indian artists and labels gain a larger royalty channel, with 29% higher payouts in 2025.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: Spotify to launch audiobooks in India on 12 November with Audiobooks+ add-on for Premium usersReported: Watch:
- Reported: Brands should test regional-language campaigns and artist partnerships as Spotify expands its regional-music focus in India.Reported: Spotify reported India revenue of ₹514 crore in FY2024-25. Spotify reports ₹75 crore India profit in FY2024-25 as it pushes regional music.Watch:
Background
From 4 stories, the newest dated 2 Oct 2026. Summary written 3 Oct 2026. Newer developments are under Latest moves.
Spotify is a music streaming platform that operates in India, where Amarjit Singh Batra is managing director. [1] source: Business Standard
Show 2 more paragraphs and 4 sources
Globally it reported 761 million users, 300 million subscribers and €18 billion in 2025 revenue. [1] source: Business Standard Business Standard reported in October 2026 that Spotify is pushing regional music in India. [1] source: Business Standard
Business Standard reported that Spotify's India net profit was ₹75 crore on revenues of ₹514 crore in 2024-25, after seven years of investment. [1] source: Business Standard Spotify's India report in September 2026 showed Haryanvi streams rising nearly sevenfold between February 2023 and February 2026. [2] source: Business Today It will expand its RADAR artist programme to Malayalam after Punjabi and Tamil editions. [2] source: Business Today Spotify said royalties for Indian artists rose 29% in 2025, with Telugu royalties up over 120% and more than 40% of royalties coming from outside India. [3] source: ET Small Business On August 28, Spotify launched Premium Early Access in India, giving Standard, Platinum and Student subscribers up to three days' exclusive access to select releases. [4] source: The Hindu BusinessLine Universal Music Group is the first label partner, debuting the feature with new Hindi tracks. [4] source: The Hindu BusinessLine
Sources
Questions about Spotify
Who leads Spotify?
Amarjit Singh Batra is Spotify's India managing director. He discussed the company's regional music push in a Business Standard report in October 2026. [1] source: Business Standard
What is Spotify's current strategy in India?
Spotify launched Premium Early Access in India on August 28, with Universal Music Group as first label partner.[4] source: The Hindu BusinessLine In September 2026 it said it will expand its RADAR artist programme to Malayalam after Punjabi and Tamil.[2] source: Business Today In October 2026 it was pushing regional music in India.[1] source: Business Standard
More stories about Spotify
- Spotify launches Premium Rewards in India with retail and travel partner offers
- Spotify slashes India Premium Standard to Rs 139, kills Lite tier
Stories that mention Spotify
3 stories
Spotify is named in these stories but is not their subject.