India, July 29 -- Spotify Technology S.A. (SPOT) shares fell 10.69 percent to $626.06 after reporting a net loss of 86 million euros for the second quarter of 2025, reversing a profit of 274 million euros in the same period last year. Despite revenues rising to 4.1 billion euros from 3.8 billion euros a year ago, the surprise loss spooked investors.
The stock opened at $657.53 and traded between $619.18 and $663.99 on Tuesday, with volume soaring to 6.48 million shares, well above its average of 1.9 million on the New York Stock Exchange. Shares closed Monday at $700.98. Spotify's 52-week range is between $300.57 and $785.00, making today's drop one of its steepest in recent quarters.
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