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Spotify forecasts weak profit as user growth slows
- On Tuesday, Spotify forecast third-quarter operating income of €670 million, missing Wall Street estimates as the streaming giant reported slowing user growth in major markets of Europe and North America.
- Second-Quarter results remained solid, with revenue rising 14% to €4.78 billion and operating income hitting €655 million , exceeding management guidance.
- Gross margin climbed to an all-time high of 33.4%, while total monthly active users reached 777 million, slightly missing the projected 778 million.
- To combat competition from rivals including YouTube and Netflix, Spotify is leveraging AI-powered features such as 'Personal Podcasts' and 'Reserved' to boost engagement.
- Co-CEO Gustav Söderström emphasized that Spotify remains "well positioned to deliver improved growth" as the company reinvests to support long-term potential in 2026.
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22 Articles
22 Articles
Three hundred million premium subscribers, revenues increased by 14% on an annual basis for a total of 4.8 billion euros, 11 billion dollars paid to the music industry in 2025. (ANSA)
·Rome, Italy
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The digital music service does not report which song was streamed the most on Spotify last quarter. Choosin’ Texas by Ella Langley, the big…
·Amsterdam, Netherlands (Kingdom of the)
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Total News Sources22
Leaning Left8Leaning Right4Center4Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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