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Wireless

Spotify revenues increase 45% in 2014

Friday 8 May 2015 | 13:38 CET | News
Online music streaming service Spotify's revenues rose 45 percent to top EUR 1 billion last year. Stockholm-based Spotify posted an operating loss of EUR 165 million, compared with a loss of 91 million euros in 2013, due to substantial investments in product development and international expansion, as well as an increase in staffing. The 2014 figures for its holding company Spotify Technology were obtained by Reuters from the company registry in Luxembourg, where Spotify is incorporated.

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Categories: Internet / Mobile & Wireless
Companies: Spotify
Countries: World
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