RUMOR MILL
Back to Rumor Mill >
Friday, October 13, 2017

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.

 
BACK TO RUMOR MILL
 
NEAR TRUTHS:
BLUSH OF FAME
We'll drink to that. (10/31a)
Check It Out Now
MEET THE AGENTS: BATCH #4
That's all she wrote. (10/30a)
Check It Out Now
UPDATE: THIS TOP 20 IS WIDELY RED
Columbia, the gem of the album chart. (10/30a)
Check It Out Now
HOLLY GLEASON SNAGS SIX NATIONAL A&E JOURNO NOMS
Oops, she did it again. (10/30a)
Check It Out Now
TYLER IS HEADED TO THE TOP
Unconventional move by unconventional dude is paying off. (10/30a)
Check It Out Now
THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
 Email

 First Name

 Last Name

 Company

 Country

By clicking submit you are agreeing
to Terms and Conditions