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# Spotify Revenue Up 40%, On Track To $5B Year [REPORT]
- URL: https://www.hypebot.com/spotify-revenue-up-40-on-track-to-5b-year-report/
- Published: 2018-02-07T08:14:00.000Z
- Updated: 2018-02-07T08:14:00.000Z
- Description: Spotify generated $1.2 billion in revenue in the third quarter of 2017, according to a new report. The strong revenue growth comes as the music streamer nears its first public. Continue reading [https://www.hypebot.com/hypebot/2018/02/spotify-revenue-up-40-on-track-to-5b-year-report.html]
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Startups & Funding, Streaming, Amazon, Apple, Apple Music, Google, music, music industry, musician, musicians, Pandora, Spotify, Tech Stories, YouTube, #wp, #wp-post, #Import 2026-01-21 10:05

[![Spotify New $](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c94da762970b-150wi "Spotify New $")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c94da762970b-popup?ref=hypebot.com)Spotify generated $1.2 billion in revenue in the third quarter of 2017, according to a new report. The strong revenue growth comes as the music streamer nears its first public stock offering at an estimated at $20 billion valuation.

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[![Spotify new rectangle](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2d8148f970c-400wi "Spotify new rectangle")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2d8148f970c-popup?ref=hypebot.com)

Spotify generated revenue off $1.2 billion in the third quarter of last year, two investors who have seen the financials told [The Information](https://www.theinformation.com/articles/spotifys-q3-revenue-points-to-full-year-growth-of-40?jwt=eyJhbGciOiJIUzI1NiJ9.eyJzdWIiOiJiY2hvdWdodG9uQGdtYWlsLmNvbSIsImV4cCI6MTU0OTU2MTIwNywibiI6Ikd1ZXN0Iiwic2NvcGUiOlsic2hhcmUiXX0.jFeHur6KrmD004nHV6Qe8n2-k9yPs8szeiidVMjQWKE&unlock=9e180868e4c9e641&ref=hypebot.com). That puts the music streamer on track to full year revenue of nearly $5 billion, up 40% from 2016\. 

But all that revenue was not enough to stem operating losses which the investors say were between $85 million and $110 million in the third quarter. If the trend continues, 2017 full year operating losses will mirror 2016, which totaled more than $300 million.Spotify, which privately filed for its public offering with NASDAQ last month, has not yet commented on the report.