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# Spotify Q2: 180M Users, Net Loss More Than Doubles
- URL: https://www.hypebot.com/spotify-q2-180m-users-net-loss-more-than-doubles/
- Published: 2018-07-26T08:00:38.000Z
- Updated: 2018-07-26T08:00:38.000Z
- Description: Spotify has just reported financial results for Q2 2018, ending June with 180 million monthly active users, including 83 million paid subscribers. That's up 30.4% and 40.7% respectively over the same quarter. Continue reading [https://www.hypebot.com/hypebot/2018/07/spotify-q2-180m-users-net-loss-mo
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, music, music industry, musician, musicians, Spotify, streaming, #wp, #wp-post, #Import 2026-01-21 10:00

[![Spotify New $](http://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad384195d200d-150wi "Spotify New $")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2022ad384195d200d-popup?ref=hypebot.com)Spotify has just reported [financial results for Q2 2018,](https://investors.spotify.com/financials/press-release-details/2018/Spotify-Technology-SA-Announces-Financial-Results-for-Second-Quarter-2018/default.aspx?ref=hypebot.com) ending June with 180 million monthly active users, including 83 million paid subscribers. That's up 30.4% and 40.7% respectively over the same quarter 2017.Spotify generated revenues of $1.5B USD in Q2, up 26.4% year-on-year. But the net loss was$461.4M compared to a net loss of $220M for the same quarter last year.We'll have more after today's AM ET earnings call.