Spotify sees 12% rise in paid subscribers

Spotify blamed the shortfall on increased spending on salaries, changes in its revenue mix and higher-than-expected social charges. — AFP

STOCKHOLM: Spotify saw paying subscribers rise 12% to 276 million customers in the second quarter of 2025, the world's top music streaming service said on Tuesday, though profits fell below expectations.

"People come to Spotify and they stay on Spotify. By constantly evolving, we create more and more value for the almost 700 million people using our platform," said Daniel Ek, the Swedish company's founder and CEO.