Recorded music brought in €181.4 million at trade value in Spain between January and June 2026, 11.6% more than in the same half of 2025. Promusicae published the figures on 3 September, infographic included; at retail prices, the total is €321.6 million. The APM's Portal de la Música en Vivo picked up the release the same day.
Digital contributes €160.5 million, up 10.5%, and makes up 88.5% of the market. Almost all of it is audio streaming: €159.6 million (+10.8%). Subscriptions took in €121 million, up 15.1%, and now account for 66.7% of everything recorded music earns and 75.4% of the digital business.
Physical totals €20.9 million, up 20.3%. Vinyl accounts for almost all of it: €15.3 million, up 27.7%, around 73% of the physical format. CDs rise 4.3% and permanent downloads 0.4%. A year ago, in the first half of 2025, vinyl was 68.8% of physical with around €12 million. We also looked at vinyl in this piece, on the subject of AI-generated music.
Antonio Guisasola, president of Promusicae, says that 'the results for the first half of 2026 confirm the strength of the Spanish recorded music market and the industry's capacity to keep creating value'. He adds that Spain still lags in the take-up of subscription models and that this pattern of consumption needs to be consolidated.
The series, half against half and against the full-year 2025 figures, looks like this:
| Indicator | H1 2025 | H1 2026 | Full year 2025 |
|---|---|---|---|
| Sales (digital + physical, trade value) | €162.6m | €181.4m | €343.7m (own calculation: 302 + 41.7) |
| Digital | €145.2m | €160.5m | €302m |
| Physical | n/a (+14.8%) | €20.9m | €41.7m |
| Vinyl | around €12m | €15.3m | €28.9m |
| Physical share of sales (own calculation) | 10.7% | 11.5% | 12.1% |
| Total including rights and synchronisation | n/a | n/a | €409.5m |
Mind the last column. Promusicae's half-year releases measure sales: in 2026, digital (160.5) plus physical (20.9) comes to exactly €181.4 million. The 2025 annual release also adds intellectual property rights, €61.5 million (+9.2%), and synchronisation for audiovisual and advertising, €4.3 million; hence the 409.5. That is why the half-year cannot be read as a percentage of the year without first stripping out those two items.
Two calculations of our own from Promusicae's figures. Physical is gaining share: from 10.7% of the market in the first half of 2025 (100 − 89.3) to 11.5% in the first half of 2026 (100 − 88.5); across the whole of 2025 it was 12.1%. And the CD goes from a 3.2% fall in the first half of 2025 to 4.3% growth in the first half of 2026.
Set beside live music, the figure changes scale. According to the APM's Anuario de la Música en Vivo 2026, live music ticket sales in Spain came to €807,202,623 in 2025, 11.24% more than in 2024. That is 1.97 times, almost double, the total revenue of recorded music that year according to Promusicae: €409.5 million including sales, rights and synchronisation (our own calculation from the APM and Promusicae figures). Both are growing at similar rates, between 11% and 14%; the difference is the base. We break down that yearbook here.
For promoters, the useful figure is the comparison: live box office, on its own, moves almost twice as much as all of recorded music put together. The second half will show whether physical can keep growing at 20% with the CD in positive territory. In the first, vinyl did the work.