New Delhi, July 29 -- Spotify added millions of new subscribers and users in the second quarter of 2025, but the music streaming giant still reported a net loss and missed its revenue targets.

The company said Spotify Premium subscribers rose by 12% year over year, reaching 276 million, which is 8 million more than the previous quarter.

Monthly active users (MAUs), which include both free and paid users, grew by 11% to 696 million. Spotify said this was its second-best Q2 for user growth, and it expects strong results in the next quarter too.

Revenue for the quarter increased 10% to €4.2 billion, and the gross margin improved to 31.5%, up from 29.2% a year earlier. However, both numbers fell short of what Spotify had forecasted....