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The full PrivCo report, which links to the full Spotify financials (which look pretty ugly):http://www.privco.com/alert-privco-exclusive-spotifys-just-closed-full-year-financials-obtained-by-privco-reveal-rapid-revenue-growth-unsustainable-business-model-revenues-up-151-to-244m-yet-cost-of-sales-up-98-and-losses-ballooned-60-to-59m-somethings-gotta-change-soon-on-spo

 

From the privco #s (now confirmed as "totally accurate" by spotify to CNET), Spotify is spending 98 cents of every dollar of revenue just to pay music royalties. You can't sustain a business spending 98 cents out of every dollar on "Cost of Goods Sold", leaving 2 cents on the dollar to cover ALL staffing, marketing, admin, tech, etc etc etc. It's called math. It doesn't work.

2 years, 1 month ago on Spotify’s Financials Point to Difficult Times

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The full PrivCo report, which links to the full Spotify financials (which look pretty ugly):http://www.privco.com/alert-privco-exclusive-spotifys-just-closed-full-year-financials-obtained-by-privco-reveal-rapid-revenue-growth-unsustainable-business-model-revenues-up-151-to-244m-yet-cost-of-sales-up-98-and-losses-ballooned-60-to-59m-somethings-gotta-change-soon-on-spo From the privco #s (now confirmed as "totally accurate" by spotify to CNET), Spotify is spending 98 cents of every dollar of revenue just to pay music royalties. You can't sustain a business spending 98 cents out of every dollar on "Cost of Goods Sold", leaving 2 cents on the dollar to cover ALL staffing, marketing, admin, tech, etc etc etc. It's called math. It doesn't work.

2 years, 1 month ago on Spotify’s Best Chance at Beating the Digital Streaming “Suicide Pact” Is With Ads

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