Spotify Technology SA (SPOT)
Q2 2025 Results
We first covered SPOT on May 29th2025. That report can be found here.
We revisit the company again in the light of the recent Q2 2025 results.
Q2 2025 Results
The company reported earnings below expectations. Revenue rose less than expected and there was a loss at the net level. Part of the disappointment was due to adverse currency movements, namely the strength of the Euro.
Revenue rose 10.1% to €4.19bn from a year ago; analysts expected €4.26bn.
Spotify Technology SA's reported EPS for the quarter was a loss of 42 cents.
Operating Profit rose 51.5%. this was due to a large step change as the operating profit in the same quarter last year was on the low side (See chart below).
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