And recode reports that’s a good thing because it also means the company generated more revenue in 2015 than it did in 2014. The online tech site reports that’s positive especially if the company plans to go public.
The online tech site reports that Spotify generated $2.12 billion in revenue in 2015, up 80 percent from the $1.18 billion it generated in 2014. The loss of $188.7 million was only up 6.7 percent from the previous year’s total of $176.9 million. That is an improvement. In 2014, Spotify’s losses were up 289 percent, and its revenue was only up 45 percent, from 2013.