Spotify’s paradox: Record profits, 713M users, but a stock in limbo
- Posted on January 24, 2026
- By Financial Express
- 3 Views
Spotify’s paradox: Record profits, 713M users, but a stock in limbo

Spotify has posted record profits, strong cash flows, and user growth crossing 700 million, yet its stock continues to underperform. Here’s why markets remain cautious despite the company’s strong fundamentals.