Quote:
Originally Posted by PHC1
Based on a few articles I have read, yes, nearly $5B with a net loss of $378M in 2017 mostly due to cost of sales such as licensing expenses with record labels and artists. The US market is huge for Spotify by the way. 18% of US population is supposedly using Spotify on a monthly basis. Spotify has 36% share of streaming worldwide. Not bad.
|
Just read it was valued at $8.4B when it raised $400M in 2015, and now valued at $29B.
159M ad supported free listeners and 70M paid users.
Revenue of $5B, loss of $1.5B
The illusion is selling the listeners paid or not as an asset and not understanding or knowing a balance sheet. This is hard for me to base something without a solid foundation, thought the same thing about Amazon and still do but like seeing the rockets exhibited in the Boeing Museum that Bezos picks up of the Atlantic sea floor cause he can.