Spotify | Q2 2025: record growth in users and free cash flow

Music today isn't just about listening, it's about an entire ecosystem of experiences - and Spotify has become the place where this transformation is happening. From personal playlists and podcasts to audiobooks and exclusive concert moments, the company connects hundreds of millions of people with content that shapes popular culture.

It's this ability to be more than just a streaming service that makes Spotify one of the most influential media outlets today. The second quarter of 2025 confirmed this position - in addition to growing users and subscribers, the company showed that it can creatively expand its offerings, strengthen its relationship with fans, and translate that engagement into solid results.

How was the last quarter?

Spotify $SPOT was able to surprise the market in the second quarter, particularly with strong user base growth. The number of monthly active users reached 696 million, an increase of 18 million for the quarter - 7 million more than the official expectation.…