The audio streaming giant, led by CEO Daniel Ek, posts its second-quarter results, which were hit by higher expenses and costs related to stock gains, pushing company shares lower in pre-market trading.

The audio streaming service added more listeners than it had forecast, but reported a net loss for the second quarter.

Spotify reported solid gains in subscribers and total users for the second quarter of 2025, but the streamer came up short of its revenue target and posted a net loss for the period. The company highlighted the positives: In the first half of 2025,