Quantcast
REPORT: 40% REVENUE GAIN AT SPOTIFY

Spotify’s revenue in the first half of the year hit $2.2 billion and is on pace to hit $4.5b this year, growing 40% over 2016, according to a report at The Information.

Gross margins are 22%, up from 15% in 2016 but the company is still reporting a loss of between $118.4m and $236.8m, The Information reported based on individuals who shared data Spotify supplied investors. The belief, and this is what is making investors bullish on the company, is that recently struck deals with major music labels may help Spotify.

As reported before, the company has grown to about $16b in value.

 

 

 

AIRHEAD: STEVE'S A STAR, LYOR'S A LYR
Check out the Cohen coif. (10/19a)
RIRI PASSES ON SUPER BOWL LIII HALFTIME
Solidarity in action (10/19a)
GREIN ON GRAMMYS: BEST NEW ARTIST—WHO'S IN, WHO'S OUT
The process begins. (10/19a)
YOUR TOP 20 IS BORN UNDER A BRAD SIGN
Gaga and Cooper on repeat (10/17a)
THE LAST HURDLE
The final call will go down in Brussels. (10/19a)
GRAMMY CONTENDERS
We chat with big stars, rising stars and next big things.
MMA FOR DUMMIES
Not Mixed Martial Arts; the Music Modernization Act, dummy.
IS IT COLD IN HERE?
...or are our bosses from outer space?
THE KIDS
They're leaning on the button.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)