Please wait while we enable your Account


Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Revenues Surging for Spotify

Soumya Sekhar Published on : 02 November 2017

The music industry is expecting its third consecutive year of growth in 2017, thanks to many paid subscription streaming services including Spotify. In the first half of 2017, it recorded a revenue of 1.9 billion euros ($2.2 billion), which is nearly 70 percent of the annual revenue that Spotify reported in 2016.

At this pace, the figures are set to reach 4.1 billion euros (US$4.9 billion) by the end of 2017, a 40 % YoY increase from 2016. The situation aligns well with the company’s aggressive user-acquisition strategy, which has grown its subscriber base by 40 % over the last year.

Spotify reported an operating loss estimated to be anywhere between 100 million and 200 million euros in H1 of 2017; which is still an improvement from 2016, during which the total operating losses were 556.7 million euros.

Written by: Soumya Sekhar

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required
Your website will be at, you can change this later.

Upcoming Webinar
June 27

9:00AM PST

Leveraging Analytics for Success in the Streaming Industry

A streaming platform’s success is crucially dependent on data. In today’s competitive streaming landscape, data is king. This webinar will unlock the secrets of using analytics to gain…...

Event Language: English
30 Minutes