epidemic sound logo

You’ll need to speak Swedish (or have Google Translate and plenty of patience) to dig properly through production music company Epidemic Sound’s annual financials. Thankfully, the company has published an English-language summary too, revealing that its revenues grew by 49% to SEK 575m in 2020 (around $69.5m), while its net losses narrowed from SEK 185m in 2019 to SEK 147m (around $17.8m) last year.

It was certainly an eventful year for the company, with lows including laying off 19% of its staff in May 2020 as part of a ‘realignment’ of its business to focus more on digital platforms and clients. More recently, in March 2021, Epidemic Sound raised $450m of funding, which it said valued the company at $1.4bn.

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