Spain’s recorded music market grew 11.6% in H1 2026… with subscription streaming revenues up 15.1% YoY
Spain's recorded music industry generated wholesale revenues of €181.4 million (around $212 million) in the first half of 2026, an increase of 11.6% year-on-year, according to figures published by trade body Promusicae. The growth was driven primarily by paid subscription streaming, which now makes up two-thirds of all recorded music revenue in the country, underscoring how firmly the market has shifted towards subscription-based access over ownership or ad-supported models. Spain's expansion also outpaced larger markets such as Germany and the United States over the same period.
Paid subscriptions brought in €121 million, up 15.1% year-on-year, while the wider digital market grew 10.5% to €160.5 million, accounting for 88.5% of total revenue. Physical formats also performed strongly, rising 20.3% to €20.9 million, with vinyl now making up 73% of physical sales after a 27.7% jump. Promusicae's president, Antonio Guisasola, attributed part of the subscription growth to price adjustments, noting Spotify's Premium plan rose from €10.99 to €11.99 a month in late 2025, while also cautioning that subscriber take-up in Spain remains relatively low compared with its potential.
In short
- Spain's recorded music revenue rose 11.6% to €181.4m in H1 2026
- Paid subscriptions, now 66.7% of revenue, grew 15.1% year-on-year
- Vinyl sales surged 27.7%, outpacing Germany's and the US's growth rates
Explained simply
Recorded music revenue comes from sales and paid access to music, including streaming subscriptions, adverts, downloads and physical releases. Promusicae is Spain’s music industry trade body, which publishes figures on the market.
Streaming services such as Spotify let subscribers listen to large music catalogues for a monthly fee, while physical formats include records and CDs. These different sources of income help show how listening habits and the market are changing.
The figures matter to artists, record companies and streaming services because they indicate where revenue is coming from and how the market is developing. They also provide a way to compare Spain’s music industry with those in other countries.
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