Why Spotify Keeps Losing Money
发布时间 2023-11-07 13:59:32 来源
摘要
Analysis of Spotify’s profitability problem and the company’s recent efforts in turning the situation around.
Despite being the world’s largest music streaming platform, Spotify has never made a single dime in profits so far. The company has never had a profitable year in its history, and over the years its losses has added up to over 4 billion euros. For a company that has not only disrupted the entire music industry but also completely revolutionised the way we consume music, one would reasonably expect Spotify to be drowning in profits. However, the reality is that Spotify has never been able to turn a profit, making it the only software company that generates over 10 billion euros in revenue each year to consistently lose money.
Sources & footnotes:
https://docs.google.com/document/d/1ow8sY3Luzj2c9mFEsIGMg8YKXpyrM5Lj/edit?usp=sharing&ouid=105845290081458110690&rtpof=true&sd=true
00:00 Intro
00:43 Why Spotify Loses Money
02:45 Spotify vs Other Streaming Platforms
06:14 Spotify Is Not The Netflix of Music
10:06 Spotify’s Expansion into Podcasts
13:02 The Clock Is Ticking
14:44 Conclusion
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