Spotify (SPOT) is a Musicians company. Spotify is a music company that grows and develops music. They offer a variety of music genres and music options. Spotify has 8,000-9,000 employees (+10% YoY) and has annual revenue in the EUR10B-EUR20B range, founded in 2006. Headquartered in Stockholm, Stockholm County, Sweden, with presence in United States, United Kingdom, and Luxembourg. Its workforce is distributed across 100 countries (including United States, Sweden, United Kingdom, India, and Germany). with 19 prior funding rounds.

Last updated 2026-07-23

Transcript

Operator

Good day, and welcome to Spotify's Second Quarter 2025 Earnings Call and Webcast. As a reminder, this conference call is being recorded. I would now like to turn the call over to Bryan Goldberg, Head of Investor Relations. Thank you. Please go ahead.

Bryan Daniel Goldberg — Head of Investor Relations

All right. Thanks, operator, and welcome to Spotify's Second Quarter 2025 Earnings Conference Call. Joining us today will be Daniel Ek, our CEO; Alex Norstrom, our Co-President and Chief Business Officer; Gustav Soderstrom, our Co-President and Chief Product and Technology Officer; and Christian Luiga, our CFO. We'll start with opening comments from the team. And afterwards, we'll be happy to answer your questions. Questions can be submitted by going to slido.com, and using the code #SpotifyEarningsQ225. Analysts can ask questions directly into Slido, and all participants can then vote on the questions they find the most relevant. If for some reason, you don't have access to Slido, you can email investor relations at ir@spotify.com, and we'll add in your question. Before we begin, let me quickly cover the safe harbor. During this call, we'll be making certain forward-looking statements, including projections or estimates about the future performance of the company. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could materially differ because of factors discussed on today's call, in our shareholder deck and in filings with the Securities and Exchange Commission. During this call, we'll also refer to certain non-IFRS financial measures. Reconciliations between our IFRS and non-IFRS financial measures can be found in our shareholder deck, in the financial section of our Investor Relations website and also furnished today on Form 6-K. And with