SGAE, Spain’s largest collection society, distributed €360 million in royalties to its members in 2025, up 3.1% from €349 million in 2024.
The latest figure translates to USD $406 million at the average exchange rate for 2025.
The number of beneficiaries receiving income rose 16.5% YoY to reach 97,415 authors and composers.
The organization reported its highest-ever annual revenue, with total collections of €393.4 million ($444m) – up from €390.1 million the prior year.
SGAE‘s results arrive amid a wave of record-breaking annual reports from the world’s largest collection societies.
France’s Sacem distributed €1.502 billion ($1.7bn) to 663,000 recipients in 2025, a 9% increase YoY, on total collections of €1.704 billion.
Germany’s GEMA distributed €1.15 billion ($1.3bn), up 1.4%, to approximately 100,000 members on collections of €1.34 billion.
The UK’s PRS for Music paid out £1.07 billion ($1.4bn), up 4.9%, on collections of £1.24 billion.
And in the US, ASCAP reported record revenue of $1.945 billion, distributing $1.759 billion to over 1.1 million members, up 3.7% YoY.
SGAE operates at a fraction of the scale of those peers, but its five-year growth trajectory has been notable.
Revenue of €393.4 million ($444m) in 2025 is 52% above the level reported for 2021, according to the organization.
The society said a reduction in its administration fees had resulted in an additional €8 million ($9m) in royalties distributed since 2021.
SGAE‘s membership is also growing rapidly, with 8,118 new members registered in 2025 – a 64.1% increase over 2024.
More than a third of those new members are in the twenties age bracket, according to the organization.
SGAE says it has more than 140,000 total members and represents over 4 million rights-holders, with a repertoire of over 80 million works across more than 220 countries and regions.
The largest source of revenue for SGAE in 2025 was radio/TV broadcasting and cable, at €110.8 million ($125.1m).
Public performances – including live music as a secondary activity, distribution of recorded music, and film projections – reached €80.1 million ($90.4m), an 8.3% increase on 2024.
Live performances generated €72.7 million ($82.1m), up 13.3% on the prior year and the highest figure on record.
Revenue from popular music concerts and tours rose 14.6% to €55.8 million ($63m).
Concerts by AC/DC, Ed Sheeran, Bruce Springsteen, Blackpink, and Stray Kids were among the events generating the highest royalty revenue in the year, according to SGAE.
Digital revenue also hit a record, totaling €64.1 million ($72.3m) – a 6.1% increase on the prior year.
Music streaming was the primary driver within digital, generating €41 million ($46.3m), up 22.3% YoY.
Audiovisual platforms contributed €22.4 million ($25.3m), representing 35% of overall digital revenue.
International revenue reached a new all-time high for the third consecutive year, totaling €40.2 million ($45.4m) – up 14.3% – despite what SGAE described as unfavorable exchange rates.
The United States, Mexico, Germany, Italy, Argentina, and France were the main markets for the repertoire managed by SGAE.
The results come alongside continued growth in Spain‘s wider recorded music market, which posted wholesale revenues of €409.5 million in 2025, up 13.7% YoY, according to Promusicae.
Cristina Perpiñá-Robert, CEO of SGAE, said: “The positive results we are reporting for 2025 put SGAE in the best possible position to introduce changes that will better serve our members in the future.
“Our strategic plan has a clear goal, which is to create a more efficient, modern and agile organizational framework with a greater ability to create value to our members, who are the mainstay of the project.”
Cristina Perpiñá-Robert, SGAE
“Our strategic plan has a clear goal, which is to create a more efficient, modern and agile organizational framework with a greater ability to create value to our members, who are the mainstay of the project.
“It’s not just about improving processes, it’s about strengthening our position in the copyright market, increasing our capacity to generate revenue, and ensuring an increasingly fair and efficient distribution of royalties.”
SGAE was re-elected to the Board of Directors of CISAC, the International Confederation of Societies of Authors and Composers, on May 29, 2025.
The board consists of 20 of CISAC‘s 227 member societies.
SGAE says it allocated more than €9 million ($10.2m) to promotional and professional development activities for its members in 2025, including 422 direct grants through the SGAE Foundation, 200 social aid packages, and a training program in which 6,250 students participated.
Dollar figures in this article are calculated using the 2025 yearly average EUR/USD and GBP/USD exchange rate published by the IRS.Music Business Worldwide
