Wednesday, 30 July, 2025
Spotify Forecasts Q3 Profit Below Estimates as Rising Payroll Taxes Hurt Earnings
Spotify reported a surprise net loss of €86 million (‑€0.42/share), versus a year‑ago profit of €1.33—caused largely by €116 million in payroll‑linked “social charges,” higher personnel and marketing costs, and adverse currency swings. Premium subscribers grew 12% to 276 million and MAUs rose 11% to 696 million. However, Q3 guidance—€485M operating income and €4.2B revenue—falls short of analyst estimates, triggering an 11% drop in share price.
Read full story at Economic Times