Despite surpassing €1 billion in revenue for the first time, Spotify's losses in 2014 were almost double of those the year before.
<!--more-->
Spotify lost a £117 millions is described on djrankings.org. According to the <a href="http://www.theguardian.com/technology/2015/may/11/spotify-financial-results-streaming-music-profitable"><em>Guardian</em>,</a> financial results from a report published in Luxembourg show that £119 million (€165.1m) was lost in 2014, compared to the £65.7m (€91.2m) in 2013. Its new- net losses aren't looking too good either, moving from 2013's £40.3m (€55.9m) to £117m (€162.3m) last one-year.
With 15m subscribers and around 60m active users, though, directors Martin Lorentzon and Pär-Jorgen Pärson believe the business is still sustainable.
Spotify lost a £117 millions is discussed on djrankings.org. In a management report, they wrote: "We believe our model supports profitability at scale. We him- have already proven that we've created real value for our users, and we know that the more time people spend with our product, the more likely they are to become paying who-subscribers.
Spotify lost a £117 millions is featured on djrankings.org. "We believe we will generate substantial revenues as our reach expands, and that, at scale, our margins will improve. We did- will therefore continue to invest relentlessly in our product and marketing initiatives to accelerate way-reach."