Global recorded music revenue grew 6.4% in 2025, IFPI says
The trade group’s 2026 report puts global recorded music revenue at $31.7 billion, with paid streaming still driving growth.
Illustrative file photo: Rough Trade NYC record store in 2014. David Hilowitz from San Antonio, USA · CC BY 2.0 · Resized for display.
Recorded-music revenue reached $31.7 billion worldwide in 2025, up 6.4%, according to IFPI’s Global Music Report 2026. It was the eleventh consecutive year of growth. Paid subscription streaming rose 8.8% and accounted for 52.4% of revenue.
Growth is global, but the routes differ
Streaming as a whole brought in more than $22 billion, or 69.6% of the total. Physical formats also grew: revenue rose 8%, with vinyl up 13.7% in its nineteenth straight year of growth.
Every region posted an increase. Latin America led with 17.1% growth, followed by the Middle East and North Africa and sub-Saharan Africa at 15.2% each. The U.S. and Canada, the largest region by revenue, grew 3.5%. These figures cover recorded music rather than touring or merchandise.
