At 1 p.m. Swedish time, the stock fell 4 percent in pre-market trading on the New York Stock Exchange.
Spotify's monthly active users rose to 777 million, according to the quarterly report. Of these, 300 million were paying premium subscribers.
The overall development was slightly worse than expected. Spotify's own forecast - published in the first-quarter report - was 778 million monthly users, of which 299 million were paying premium subscribers.
Revenue rose 14 percent to 4.78 billion euros, just below analysts' expectations of 4.79 billion euros.
Better than expected
Operating profit of 655 million euros was better than analysts' average forecast of 636 million euros, according to Bloomberg's compilation.
“We have a scale that few companies in history have achieved, a business that is healthy and continues to grow, and opportunities that only we can seize,” says one of Spotify's two CEOs, Alex Norström, in a press release.
The company predicts that the number of users will continue to grow - to 788 million in the third quarter of this year.
Losing on the stock market
In connection with the quarterly report, the company announces that it is introducing a new podcast feature for premium users in the US, among other things.
“We are still in a very early stage of what is possible and will continue to have high demands on the investments we make. Our mission is the same: to gain a deep understanding of the technology early on and transform it into something people love, thereby creating value for our stakeholders,” says the company's other CEO, Gustav Söderström.
Spotify's stock has lost 16 percent of its value on the New York Stock Exchange since the turn of the year, ahead of the report.
