Usually when a company reports record losses, that is not a time for celebration.
Unless you’re Spotify.
The streaming music company’s 2015 financials were released recently thanks to a filing made by its parent company, which is based in Luxembourg.
The bad news is that Spotify lost $194 million in 2015, the company’s biggest loss yet as it tries to make streaming music into an economically viable business.
The good news is that this is only a bit more than it lost in 2014, while its overall revenue — how much money the company brings in — rose sharply to $2.18 billion.
That’s a far better result than last year, when the company’s losses skyrocketed while revenue growth was only decent. Read more…
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