The market exceeds 409 million euros in industry value (674.5 million euros in retail price), driven by streaming and strong growth in vinyl sales, while Spain still has significant room for growth in the adoption of paid subscriptions

The recorded music industry in Spain ended 2025 with 13.7% growth, reaching 409.5 million euros in industry value and returning to the revenue levels recorded in 2003. This is reflected in the report *An In-Depth Analysis of the Recorded Music Market 2025*, prepared by PROMUSICAE, which confirms the strength of a sector that has enjoyed more than a decade of sustained growth thanks to the consolidation of digital consumption.

Total revenue represents a market worth 674.5 million euros at retail price (RRP) and marks a new high in the recovery that began following the crisis caused by digital piracy. Music sales accounted for 84% of the sector’s revenue, reaching 343.7 million euros, although they remain 26% below the all-time highs recorded in 2001.

The digital ecosystem remains the industry’s main driving force. Streaming accounted for more than 99% of digital revenue, and paid subscriptions alone accounted for 52.2% of the sector’s total revenue, establishing themselves as the primary source of funding for recorded music in Spain. Overall, the digital market reached 302.1 million euros, accounting for 87.9% of music sales.

At the same time, the physical market continues to perform very well. Sales grew by 31.6%, reaching 41.7 million euros, driven primarily by vinyl, which now accounts for 69.2% of the physical market. In 2025, 2.18 million vinyl records were sold, 30% more than the previous year and 77.8% more than in 2020.

Spain’s growth exceeds the global average

The report also points to a favorable international context. According to IFPI data, global revenue from recorded music grew by 6.4% in 2025, reaching $31.7 billion and marking the eleventh consecutive year of growth. Streaming subscriptions accounted for 52.4% of global revenue and now total 837 million paying users.

Against this backdrop, Spain once again ranked among Europe’s best-performing markets, with growth of 13.7%, far exceeding that of the United Kingdom (+4.8%), France (+3.7%), and Germany (+1.7%). However, the country remains in 14th place worldwide in the music market rankings, mainly due to the low penetration of streaming subscriptions, which reach only 14% of the population, compared to an average of 25% in the European Union, 46% in the United Kingdom, and 52% in the United States.

Spanish artists remain prominent in the market

Local production continued to play a central role in music consumption. Of the 100 best-selling albums of the year, 51 were by Spanish artists, while 34 songs by Spanish artists made it onto the list of the 100 best-selling singles of 2025. In addition, for 27 of the 52 weeks of the year, the number one spot on the official album chart was held by a Spanish artist.

The report also highlights the growth in revenue generated by Spanish artists on digital platforms. According to data collected by Spotify in its 2026 Loud & Clear report, domestic artists generated 156 million euros in royalties in 2025, and more than 57% of that amount came from independent artists or labels.

Artificial Intelligence and Streaming Fraud: The Major Challenges

Along with the growth figures, PROMUSICAE identifies two of the main challenges currently facing the industry: the development of artificial intelligence and streaming fraud.

The report warns that fraudulent streams generated by automated networks and AI tools divert revenue intended for legitimate creators and calls for coordinated action by platforms, distributors, labels, and regulators to strengthen control systems, identity verification, and information sharing within the industry.

Statement by Antonio Guisasola

At the presentation of the report, Antonio Guisasola, president of PROMUSICAE, emphasized that:

“The recorded music industry in Spain continues to grow at a rate above the international average thanks to record companies’ commitment to fostering talent and creativity. However, there is still significant room for growth if we can increase the penetration of streaming subscriptions and strengthen the conditions that allow our artists to compete on a level playing field in the global market.

To this end, public support in the form of production grants and tax incentives for the music industry is essential, as these measures support investment in Spanish music production and ultimately benefit the public coffers. Recorded music is the only discipline to which these tax deductions are unfairly not applied, whereas live music and audiovisual production do qualify for them. Its implementation in countries such as France and Italy has led to increased local production and higher tax revenues.

“At the same time, we must resolutely tackle challenges such as artificial intelligence and streaming fraud, while always ensuring respect for intellectual property and fair compensation for creators.”

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