That Spotify is by now the undisputed leader of the streaming music market is something that none of us would dare to doubt. However, when a company insists on offering a service that is not profitable at all, that is when we begin to doubt the principles that drive a system. The reality is that Spotify has been with us for many years, however, although many do not know it, it has never managed to obtain benefits with subscriptions to its service. On the other hand, Everything could change in 2017, since it is expected that for the first time they will obtain economic benefits from their activity.
PJ. Parson, one of Spotify's early investors, has confessed to Reuters confident that Spotify will make a profit for the first time in its history in 2017. Much of the credit goes to the fact that they have expanded into Japan and are planning to reach China, Russia and South Korea. in the coming months
So far we have been growing and growing. Perhaps, the profitability of the system begins to be a priority from now on. As investors, we have worked on launching a public offering at some point in the future.
For the moment, we are going to try to optimize the profitability of the company as we grow. Our financial systems are really strong.
Launched in 2008, this music platform has been expanding, managing to be present in sixty different markets, thus achieving more than forty million paying users. Apple Music, on the other hand, is present in 115 countries, with 17 million payment accounts.
In financial aspects, Spotify lost 145 million dollars last yearYes, that is not little, but it is less than the 165 million in 2014. And it is a large company, with more than 2.000 employees around the world. Although the fact that they prolong an activity over time that really does not stop providing losses continues to squeak.
