Spotify makes no profit




Music streaming service Spotify has not made a profit again in 2013. Sales made by the streaming service, increased by 73.6 percent, but the operating loss that made the streaming service also increased.

Spotify (sharper) In 2012, Spotify achieved a turnover of 430.3 million euros; last year was 746.9 million euros, an increase of 73.6 percent, writes The Guardian, based on the results. The operating loss before interest and taxes, but also increased. In 2012 it amounted to “only” 80 million; last year was 93.1 million.

The net loss or decreased – from 86.7 million to 57.8 million – but that was largely due accountant measures. Incidentally made some individual, local Spotify offices last year, profits. It is not known whether Spotify still makes a loss; Spotify has since last year gained 14 million users, bringing the number of users is 50 million.

Spotify made the most money with subscriptions: 90.9 percent of sales came from the paid version of the streaming service. That while only 22.2 percent of users pay for Spotify. The rest used the ad-driven Spotify variant, but this service earns relatively little. Spotify CEO Daniel Ek previously indicated that though the free version is necessary to let users try out Spotify.

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