Spotify Technology SA

SPOT: XNYS (USA)

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Spotify Earnings: Poor Guidance, Weak Profits, and Mediocre Sales Exacerbated by Currency Headwinds

Matthew Dolgin

Jul 29, 2025

Poor second-quarter margins along with weak third-quarter guidance drove a 10% selloff in Spotify shares. Second-quarter subscriber additions were excellent, and sales were decent, though the strong euro caused sales to miss management's forecast.

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Spotify Technology SA

Spotify Earnings: Poor Guidance, Weak Profits, and Mediocre Sales Exacerbated by Currency Headwinds

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