Spotify is yet to file its numbers for 2016, but it seems likely that they’ve leaked.
A new report suggests 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.
As it understandably 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, the company’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.