Spotify

Spotify's stock price fell 6% in premarket trading today after the company released its second-quarter results, which showed revenue growth but missed analysts' expectations. 

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.The company reported 551 million monthly active users (MAUs) in the second quarter, up 27% year-over-year. Spotify also added 36 million net new MAUs in the quarter, bringing its total to 220 million.

However, Spotify's guidance for the third quarter was below expectations. The company expects to report revenue of 3.3 billion euros in the third quarter, down from the 3.4 billion euros expected by analysts.

Spotify's net loss in the second quarter was 302 million euros, wider than the 125 million euro loss it posted in the year-ago quarter.

The company is continuing to invest in advertising, and ad-supported revenue grew 12% year-over-year. Podcast advertising revenue growth reaccelerated to more than 30% year-over-year.

Spotify announced plans on Monday to increase the price of its Premium subscription offerings by up to $2. The company said the price increases are expected to have "minimal impact" on its total revenue in the third quarter.

The price increases are part of Spotify's efforts to "continue to deliver value to fans and artists," the company said.

Overall, Spotify's second-quarter results were mixed. Revenue growth was strong, but the company's guidance for the third quarter was below expectations. The price increases could also impact subscriber growth in the coming quarters.