Its 15m paying subscribers helped Spotify to more than €1bn of revenues in 2014, but its losses are still growing faster than its income. The company’s financial results, published in Luxembourg and seen by the Guardian, reveal that its revenues increased from €746.9m (£537.87m) in 2013 to €1.08bn (£777m) in 2014 – year-on-year growth of 45%. However, Spotify recorded an operating loss of €165.1m (£119m) in 2014 compared to €91.2m (£65.7m) in 2013, while its net loss nearly trebled from €55.9m (£40.3m) in 2013 to €162.3m (£117m) in 2014.
This shows the business plan is working and could be very successful in the future. I think Spotify can expand into a online video service.
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