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Spotify Reports Strong Q2 2025 Results with Record Free Cash Flow

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Spotify Reports Strong Q2 2025 Results with Record Free Cash Flow

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Spotify ( (SPOT) ) has provided an update.

On July 29, 2025, Spotify Technology S.A. reported its Q2 2025 financial results, highlighting significant growth in monthly active users and premium subscribers, with a 15% year-over-year revenue increase on a constant currency basis. Despite facing challenges such as unfavorable currency movements and increased social charges, the company achieved a record high free cash flow of €700 million and maintained a strong liquidity position. Spotify’s strategic initiatives, including expanding audiobook offerings and launching new features like voice-activated DJ, are expected to support its long-term growth and margin improvement.

The most recent analyst rating on (SPOT) stock is a Hold with a $610.00 price target. To see the full list of analyst forecasts on Spotify stock, see the SPOT Stock Forecast page.

Spark’s Take on SPOT Stock

According to Spark, TipRanks’ AI Analyst, SPOT is a Outperform.

Spotify shows strong financial performance and positive technical indicators, which are major strengths. However, its high P/E ratio suggests overvaluation concerns. The positive earnings call underscores strong growth and innovation, balancing some of these valuation concerns.

To see Spark’s full report on SPOT stock, click here.

More about Spotify

Spotify Technology S.A. operates in the digital music streaming industry, offering a platform for music and podcast streaming services. It focuses on providing both premium and ad-supported services to a global market, with a significant emphasis on expanding its user base and enhancing its platform features.

Average Trading Volume: 1,901,281

Technical Sentiment Signal: Buy

Current Market Cap: $140.7B

For detailed information about SPOT stock, go to TipRanks’ Stock Analysis page.

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