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In the first half of 2025, music streaming revenue in the United States amounted to around **** billion U.S. dollars. The majority of this stemmed from paid subscriptions, accounting for **** billion dollars of the total.

Streaming has overtaken other forms of music consumption

Since the introduction of music streaming, the format has taken the music world by storm and is now dominating the industry. In the United States, streaming made up ** percent of the music industry’s revenue, compared to ** percent of physical sales and *** percent of digital downloads. However, while streaming is still the revenue driver of the music market, growth has slowed down significantly, falling to a growth rate of *** percent in 2024. This represents a drop from the streaming revenue growth rate of **** percent just three years earlier.

Spotify is dominating the streaming market

With over *** million paid music subscribers in the United States alone, it is no wonder that there are various streaming services competing for market dominance. So far, the most popular streaming service has been Spotify. In early 2025, ** percent of respondents stated that they used Spotify most frequently. The Swedish streaming giant generated a revenue of **** billion euros in 2022.