El Perdedor (Spanish for The Loser) finds Colombian superstar Maluma caught in a whirlwind of jealousy and regret. The moment he realizes his ex is already kissing someone else, his confidence shatters. He bombards her with questions—“Why are you calling me? What did I do wrong?”—while admitting that seeing her with another man is killing him inside. The song swings between swagger and vulnerability: he brags that no one can love her like he did, yet pleads for another chance and even begs her to tell the new guy she still sighs for Maluma.
Behind the catchy reggaeton beat lies a relatable story about losing love and wrestling with pride. Maluma paints himself as both the victim and the culprit: his “only crime was loving her,” but now he has to face the bitter title of perdedor. He alternates between nostalgia—recalling their wild nights together—and hope, promising he will always be “available” if she ever wants to return. Ultimately, the song captures that raw mix of heartbreak, ego, and lingering passion that makes moving on so hard—and dancing to it so irresistible.