Filings show
that Spotify, based in Sweden and the U.K., generated revenue of $2.12 billion last year, up about 80 percent from the $1.18 billion it brought in the prior year (all prices in the story converted from euros to dollars at the exchange rate from December 31, 2015). Losses, meanwhile, hit $188.7 million — but that number was only up 6.7 percent from the previous year’s total of $176.9 million.
That’s a much, much better performance than 2014, when Spotify’s losses ballooned by 289 percent, and its revenue was only up 45 percent.
Source: Spotify lost more money than ever last year — which is great news for Spotify – Recode