Spotify reported solid Q2 2023 gains in subscribers and total users but came up short of its revenue target and posted a net loss for the period.

Spotify released its Q2 2025 earnings today, highlighting accelerating growth in subscriber and Monthly Active Users (MAUs), alongside continued improvements in profitability. In the first half of 2025,

Spotify Technology SA swung to a loss in the second quarter, missing analysts’ estimates after the music-streaming service recorded higher-than-expected expenses related to employee compensation.