Music Business

Spotify Losses Widen Despite Big Revenue Rise [REPORT]

Spotify’s operating loss rose to between $350 million to $450 million last year, up from $205 million in 2015. That’s despite a 50% increase in revenues to $3.1 billion, sources. Continue reading [https://www.hypebot.com/hypebot/2017/05/spotify-losses-widen-despite-big-revenue-rise-report.html]

, and Bruce Houghton

May 18, 2017

Spotify’s operating loss rose to between $350 million to $450 million last year, up from $205 million in 2015. That’s despite a 50% increase in revenues to $3.1 billion, sources tell respected investment site The Information. The numbers call into question Spotify's ability to be a profitable company going forward.