The most popular music streaming platform on the internet, Spotify, has recently released its annual financial report to the general public, revealing extremely interesting data on its performance as the world's leading provider of online music services. Among the most relevant information that was published was the fact that Spotify is not yet a profitable company, since it reported a net loss of 80 million dollars. However, this loss is significantly better than the one suffered in the 2013 results in which they amounted to 115 million dollars.
Regarding the number of users who use this service on a daily basis, its CEO highlighted that in 2014 they reached 50 million users, of which 12,5 pay full rate of the music streaming service, generating an income for the company of 897 million dollars, against the 90 million that they invoice for the advertising they have obtained throughout the year.
Financial sector specialists speculate that in the short term the company could begin to consider its merger with another larger company, the entry of a new private investor or even its listing on the stock market by conducting a public offering of the company's shares. Although these are only transcended, currently Spotify is valued at nothing less than 4 one billion dollars.