5 impressive stats confirm SoundCloud’s continued growth

Not too many years ago the survival of SoundCloud was in question. But new stats show a platform that’s thriving in large part because of a uniquely artist-centered approach.

Recently filed financial reports show:

• 320 million tracks
• 130 million listeners
• music from 40 million artists
  • by comparison, Spotify houses 11 million artists
• 100,000 independent artists paid a higher rate thanks to the platform’s Fan-Powered Royalties
  • Some WMG artists also receive FPR’s
• revenue was up 19% to $273 million at the end of 2021

H/T MBW

Bruce Houghton is the Founder and Editor of Hypebot and MusicThinkTank, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a professor for the Berklee College Of Music.