Spotify hits 276M subscribers and strong user growth in Q2, but revenue and profit fall short of targets

Spotify added millions of new subscribers and users in the second quarter of 2025, but the music streaming giant still reported a net loss and missed its revenue targets.

The company said Spotify Premium subscribers rose by 12% year over year, reaching 276 million, which is 8 million more than the previous quarter.

Monthly active users (MAUs), which include both free and paid users, grew by 11% to 696 million. Spotify said this was its second-best Q2 for user growth, and it expects strong results in the next quarter too.

Revenue for the quarter…