IFPI Global Report 2026: Recorded Music Revenues Surpass $30 Billion Mark For First Time

The International Federation of the Phonographic Industry (IFPI) has released its annual report, revealing that recorded music revenues have surpassed the $30 billion mark for the first time in history. According to the report, the total figure is the highest mark since 1999, not counting for inflation, while the number of paid streaming service users continues to rise.

The report highlights the growth of the music industry, with revenues increasing by 10.6% in 2025 compared to the previous year. This growth is attributed to the rise of streaming services, which now account for 85% of total music revenues.

The IFPI report also notes that the number of paid streaming service users has increased by 20% in the past year, with over 1 billion users worldwide. This growth is expected to continue, with the report predicting that streaming services will account for 90% of total music revenues by 2027.

The report's findings are a testament to the resilience and adaptability of the music industry, which has faced numerous challenges in recent years. The growth of streaming services has provided a new revenue stream for artists and labels, and has helped to increase the visibility and accessibility of music worldwide.

The IFPI report is a valuable resource for music industry professionals, providing insights into the current state of the industry and predicting future trends. The report's findings will be closely watched by artists, labels, and streaming services, as they look to navigate the ever-changing music landscape.

Sources

[1] IFPI Global Report 2026: Recorded Music Revenues Surpass $30 Billion Mark For First Time