Tuesday, May 24, 2016

Spotify lost more money than ever last year — which is great news for Spotify - Recode

Making it up on volume

"Spotify lost more money in 2015.

And its managers and investors are probably very happy about that.

That's because the music streaming service's revenue increased much faster than its losses — something it hasn't always been able to say.

Given that Spotify has told its investors it is headed for an IPO in the next few years, it's the kind of performance it will need to be able to replicate with consistency."
Spotify lost more money than ever last year — which is great news for Spotify - Recode
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