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# Spotify Stock Slips On Q2 Report [NYSE: SPOT]
- URL: https://www.hypebot.com/spotify-stock-slips-on-q2-report-nyse-spot/
- Published: 2020-07-30T12:43:17.000Z
- Updated: 2020-07-30T12:46:55.000Z
- Description: Spotify stock slipped on Wednesday after a mixed Q2 report to investors. The streamer reported a Q2 increase in subscribers and users alongside a 21% decrease in ad revenue and. Continue reading [https://www.hypebot.com/hypebot/2020/07/spotify-stock-slips-on-q2-report-nyse-spot.html]
- Author: Bruce Houghton
- Tags: Music Business, Streaming, #wp, #wp-post, #Import 2026-01-21 09:51

Spotify stock slipped on Wednesday after a m[ixed Q2 report](https://www.hypebot.com/spotify-users-top-299-million-in-solid-q2-report/) to investors.

The streamer reported a Q2 increase in subscribers and users alongside a 21% decrease in ad revenue and 48% jump in operating cost related to stock-related compensation charges.

Right after the [earnings report,](https://www.hypebot.com/spotify-users-top-299-million-in-solid-q2-report/) Spotify stock fell 5% from a Tuesday close of $267.24 to open Wednesday at $254.10.

By days end Wednesday Spotify stock inched back upward to close down 1.766% at $262.21.

In a sign that Thursday may also be a rocky day for Spotify, the stock was down another 1.61% in premarket trading.

**MORE: [Spotify Users Top 299 Million As Net Loss Jumps](https://www.hypebot.com/spotify-users-top-299-million-in-solid-q2-report/)**