As of Q4'25, SPOT reported revenue of USD 4.53B, marking the highest quarterly figure in the period covered. Year-over-year revenue growth for this quarter stands at 6.81%, indicating a continued but moderating expansion. From Q1'23 to Q4'25, SPOT's revenue demonstrates a consistent upward trend, rising from USD 3.04B to USD 4.53B. While revenue growth rates peaked at nearly 20% YoY in mid-2024, they have gradually decelerated, falling below 10% by the end of 2025. This suggests that although SPOT maintains strong top-line growth, the pace of expansion is slowing as the company scales.