Spotify recorded an increase in revenue, but net loss is growing – Interia

Today, May 24 (13:53)

Spotify platform for streaming listening to music, announced that their revenue last year totaled 1.95 billion euros, but the company is still not recorded a profit. Revenue in 2015 increased by 80 per cent., But the net loss increased by 7 percent. compared to the previous year and amounts to 173 million euros.

Spotify during the two years it has become the most popular platform for streaming music. And the big problem of the music industry

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The main costs the owner of the service streaming music borne by paying royalties to artists, whose works are made available to customers of the Swedish company.

Spotify reported that ad revenue grew last year almost doubled. The company also managed to significantly increase its customer base – at the end of 2,015 years was 89 million monthly active users. 28 million of them use the paid version of the service.

The company explains their findings that emphasizes investments, and this is in contact with the growing competition in the market stremingu music online. In 2015, his company launched a service of Apple, and the market for customers struggling also Rhapsody and Deezer.

In the past, Spotify has been criticized by environmental writers for their opinion, too low royalties they receive from the company. In addition, they stressed that services like Spotify does not support new artists. Some of the performers have decided not to include some or all of their works.

lm / R & D units /

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