SoundCloud financials reveal widening losses


SoundCloud’s latest financial results have been published and they show growing losses even before the company inks licensing deals with major labels and publishers.

SoundCloud’s revenues grew by 40% in 2013 to €11.28m, with the company putting it down to “a significant increase in the number of subscribers” from its community of creators.

However, SoundCloud’s net losses increased faster, by 86% to €23.11m in 2013. “Our overhead base has increased faster than our revenues,” as the company put it in its accounts filing. Well, quite.

Stuart Dredge

Read More: Analysis News
Leave a Reply

(All fields required)