It has been reported that Soundcloud’s documented sales in 2017 that surpassed its goal of $100 million and has made improvements on its user foundation numbers over the past 3 quarters.
According to a filing at Companies House, Soundcloud Ltd’s earnings increased 21.6% to $22 million in 2015. Although, the company’s net losses elevated 30.(% to $52 million. In July 2017, Soundcloud shut down its offices in London and San Francisco, and eliminated 173 jobs in a drastic cost-cutting motion.
“There was period, for literally over a decade, when no one was sure anyone would pay for music ever again. It’s exciting to be able to forget that now.” – Kerry Trainor, CEO of Soundcloud
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