Popular product: Spotify has close to 100 million users in about 60 markets.
STOCKHOLM: Music streaming service Spotify reported an 80% increase in revenues to 1.945bil euros (RM8.96bil) in 2015 as its user base swelled and it expanded in new markets, a filing showed.
The Stockholm-based company, which provides free on-demand music or ad-free tunes for paying customers, posted an operating loss of 184.5mil euros (RM849.8mil), compared with 165.1mil euros (RM760.2mil) in 2014.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
