Spotify posts €165m loss in FY2014 but revenues jump 45%
Spotify's revenues topped €1 billion last year, despite an increase in operating losses.
The streaming service's revenues for the 2014 financial year jumped 45%, reaching $1.1 billion.
Reuters obtained holding company Spotify Technology S.A.'s figures from the Luxembourg company registry today (Friday, May 8), which showed a widening operating loss - up to €165m from €91m in 2013. The increased loss was attributed to investments in product development and international expansion, as well as an increase in staffing.
Sales also crossed the ...
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