The Paris-based company, founded in 2007, currently serves 1.2 million monthly active users. Unlike competitors reliant on ad-supported tiers or volume-based growth, Qobuz has maintained a focus on high-resolution audio and human-curated editorial. This strategy has resulted in a unique financial profile, characterized by positive cash flow and zero debt, with management projecting a positive net result by March 2027.

International markets now account for 80% of the firm's total revenue, with the United States serving as its largest territory. Deputy CEO Georges Fornay attributed this performance to a decade of disciplined execution since the company's 2015 acquisition, noting that the firm avoided public funding in favor of a sustainable, independent growth path. In a move to differentiate itself from tech giants, the company also became the first to publicly disclose its royalty rates, paying rights holders $18.73 per 1,000 streams.