This post was originally published at ask.audio
Spotify just filed documents for its 2016 accounts in Luxembourg which reveal that the music streaming service is both in an unhealthy and healthy position. It all depends which way you look at it.
If you’re a glass half full person you’ll revel in the knowledge that Spotify’s revenue grew by a mor than respectable 52% in 2016 to $3.3 bn USD. If, however, if you’ve in a glass half empty mood the overall net losses of $597 million USD don’t make for good reading.
Author : Rounik Sethi