Spotify market value fell $16.6 billion yesterday

Spotify (SPOT:NYSE) market value fell $16.6 billion yesterday after the streamer reported weaker than expected earnings and a surprise loss of $100 million.

Spotify also reported solid paid and free user growth. But investors punished the stock on a day when the overall Dow market index was down just 0.46%.

Spotify stock closed Tuesday at $620.01 down $80.97 or 11.5%. With approximately 205 million total shares, Spotify market capitalization dropped from $143.7 billion to $127.1 billion in a single day.

Spotify is consistently ranked as one of the 150 biggest market capitalizations globally.

Read Hypebot’s full analysis of the Spotify Q2 2025 report to investors here.