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| VIEW EVENT INFORMATION: Soundcloud |
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SoundCloud Posted A $29M Loss In 2013 |
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About the organization Soundcloud:
Type: Business
Sub-Types: Audio Hosting Agent, Website, Application Software, Internet, Telecommunication, Telecommunication Software, Hi-Fi, Hi-Fi Software |
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Notable Organizations: Soundcloud, Techcrunch
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| SoundCloud, the popular online music and audio sharing platform, is now exceeding 175 million listeners each month and is on track to reach 200 million. But its rapid growth has seen the company’s costs run away from its revenues.
According to recent annual filings for 2013, Soundcloud posted turnover of €11.2 million ($14.1 million) in 2013, up 40% from 2012’s revenues of €8 million. But its operating loss in the period more than doubled, to €23.1 million ($29.2 million) in 2013 from €12.4 million in 2012. |
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