Spotify revenues topped $3bn in 2016, with losses above $330m – report

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Spotify is yet to file its numbers for 2016, but it seems likely that they’ve leaked.

A new report suggests that Spotify investors have been told to expect annual operating losses between €300m and €400m ($332m+) – with yearly revenues at €2.9bn ($3.2bn).

That would represent a 49% jump in turnover on the €1.95bn ($2.2bn) in revenues Spotify posted for 2015.

However, it would also mean losses had widened by at least 64% (at €300m) compared to the €184m operating deficit we saw in 2015.

The source of the new figures is well-connected subscription tech business title The Information.

It notes: ‘The wider loss spotlights longstanding questions about Spotify’s ability to turn a profit.’

Remember, these numbers are as yet unverified. MBW has asked a Spotify spokesperson for comment.

In 2015, Spotify’s revenues (+80%) grew significantly faster than its net losses (+7%).

Spotify was recently valued at $13bn, and is believed to be pushing ahead for a direct listing on the New York Stock Exchange.

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