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It’s Official: Spotify Has Burned More Than $1 Billion In 3 Years

Spotify Has Burned More Than $1 Billion In 3 Years, Leaked Financials Show

Spotify’s cash burn is easily past $1 billion — in just 3 years — according to financial data leaked this evening. But the good news? Revenues are also surging. Spotify CEO Daniel Ek may have the strongest stomach in the music industry. Now, his high-stakes poker game is entering its riskiest stage, with cash burn expected to […]

The post Spotify Has Burned More Than $1 Billion In 3 Years, Leaked Financials Show appeared first on Digital Music News.

Paul Resnikoff #DigitalMusicNews #MusicNews #IndieBrew
https://www.digitalmusicnews.com/2017/10/12/spotify-billion-three-years/

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