SoundCloud’s revenues grew 21.6% to $22 million in 2015 -- but its net losses accelerated 30.9% to $52m reports Music Business Worldwide, citing a new filing at Companies House. As such,
“SoundCloud’s losses grew faster than its revenues in 2015 -- with the company now admitting that, should its subscription service flop, its funding may run dry this year,” it
writes.
Read the whole story at Music Business Worldwide »
