Overview

• Spotify recorded an €86 million net loss in Q2 2025 compared with a €274 million profit a year earlier.
• Total revenue rose 10 percent year-on-year to €4.19 billion but fell short of analyst forecasts of around €4.26 billion.
• Advertising revenue dipped 0.6 percent to €453 million while premium subscriptions accounted for €3.74 billion of the quarter’s sales.
• Monthly active users climbed 11 percent to 696 million and paid subscribers grew 12 percent to 276 million.
• The board expanded its share buyback authorization by $1 billion to $2 billion and projected €4.2 billion in Q3 revenue with 710 million MAUs and 281 million premium subscribers.