Spotify(US:SPOT) 智通财经网·2025-07-30 03:36Core Insights - Spotify's stock fell over 11%, marking its largest single-day drop since July 2023, following disappointing Q2 results and Q3 guidance [1] - Q2 revenue was €4.19 billion, a 10% year-over-year increase, but below market expectations of €4.26 billion; the company reported a net loss of €86 million compared to a net profit of €225 million in the same period last year [1] - The company anticipates Q3 revenue of €4 billion, also below market expectations of €4.47 billion, factoring in a negative impact of 490 basis points from currency fluctuations [1] Financial Performance - Q2 revenue: €4.19 billion, up 10% YoY, but below expectations [1] - Net loss: €86 million, compared to a net profit of €225 million YoY [1] - Q3 revenue forecast: €4 billion, below market expectations [1] User Metrics - Monthly active users grew by 11% to 696 million, with paid users increasing by 12% to 276 million [1] - Q3 monthly active users are expected to reach 710 million, with a net addition of 14 million users [1] - The company anticipates adding 5 million paid subscribers in Q3, bringing the total to 281 million [1] Advertising Revenue - Advertising revenue declined by approximately 1% to €453 million [2] - The company sees good prospects for its advertising portfolio and plans to focus on promotion and new tools in the second half of the year [2] - Areas with growth potential include commercial and automated advertising [2] Strategic Outlook - CEO Daniel Ek emphasized that the current challenges are execution-related rather than strategic [2] - The company is confident in its long-term goals and is taking swift actions to ensure it stays on track [2] - Spotify aims for its first full-year profitability in 2024, driven by cost-cutting and price increases [2] Workforce and Stock Buyback - As of Q2, Spotify had over 7,300 full-time employees [2] - The company increased its stock buyback program by €1 billion [2] - Year-to-date, Spotify's stock has risen over 40% [2]