The present invention provides a loudspeaker, which includes a frame, and a vibration system and a magnetic circuit system, the vibration system includes a membrane and a voice coil, the vibration system further includes a yoke, and a main magnet assembly and a side magnet assembly, the side magnet assembly is spaced apart from the main magnet assembly to form a magnetic gap, and an end of the voice coil away from the membrane is suspended in the magnetic gap. The side magnet assembly includes a side magnet, and a first pole plate, the first pole plate is spaced apart from the membrane to form a spacing communicated with the magnetic gap, the loudspeaker further includes a leakage channel, one end of the leakage channel is communicated with the spacing, and another end of the leakage channel is communicated with an outside of the loudspeaker.