Arab Today, arab today spotify triples losses owing to heavy investments
Last Updated : GMT 04:33:33
Arab Today, arab today
Arab Today, arab today

Reportedly to launch video streaming

Spotify triples losses owing to heavy investments

Arab Today, arab today

Arab Today, arab today Spotify triples losses owing to heavy investments

Spotify, the world leader in music streaming
Stockholm - Arab Today

Spotify, the world leader in music streaming, said Friday it had tripled its losses in 2014 owing to heavy investments, as media reported the group would soon begin streaming videos.

Created by Swedes in 2008, Spotify, which offers users a catalogue of "over 30 million tracks", has yet to turn an annual profit.

The net loss in 2014 amounted to 162.3 million euros ($182 million), compared to 55.9 million in 2013. The company's operating income was also negative, according to the Luxembourg-based holding company Spotify Technologies.

"This is explained by substantial investments that have been made during the year, mostly in product development, international expansion and general increase in personnel," the company said.

While sales topped the one billion euro mark, at 1.08 billion, the company's growth has begun to slow and was 45 percent last year compared to 74 percent in 2013 and 128 percent in 2012.

Spotify recalled that it had 60 million users in 2014, compared to 36 million at the end of 2013. Of those, three-quarters listened to the free service, which includes regular advertisement interruptions, while one-quarter paid for the premium subscription with no advertisements.

The company has users in 58 countries and in "10 of these countries, at least a tenth of Internet users use Spotify."

Meanwhile, the New York Times, Wall Street Journal and Financial Times reported that Spotify plans to launch video streaming services to rival YouTube on May 20 in New York, citing sources familiar with the company's plans.
Source: AFP

 

 

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spotify triples losses owing to heavy investments Arab Today, arab today spotify triples losses owing to heavy investments

 



Arab Today, arab today
Arab Today, arab today Nasima Gamei revives Algerian heritage in jewelries

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives Algerian heritage in jewelries
Arab Today, arab today Saudis await visitors but will they come?

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success
View News in Arabic - Media: وسائل الإعلام أخبار
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday