Rhapsody is conforming to the ‘bigger revenues / bigger losses’ model of streaming growth, according to its financials for 2015.
The numbers, as usual, were published by RealNetworks as part of its own financial report – the company still holds a 43% stake in Rhapsody.
The key figures: Rhapsody’s revenues rose from $173.5m in 2014 to $202m in 2015 – growth of 16.4%. However, its net losses rose from $21.3m in 2014 to $35.5m in 2015, representing a 66.3% increase year-on-year.
This came as Rhapsody grew its subscriber base by 45% in 2015 – a stat revealed in February in RealNetworks’ last earnings call.