Monday, April 22, 2019


Financial & Marketing News


2017 IPO Prospects: Spotify To Go Public Soon

Summary Spotify revenue for fiscal 2016 grew by an impressive 52% to 2.93 billion euros ($3.5 billion) with paid subscriptions accounting for 90% of the revenue. However, profitability remains a concern, thanks to increasing licensing and operation costs. Losses in 2016 grew 200% or doubled to 557 million euros ($660 million). To avoid the heartache of an IPO, Spotify has...

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