Is Spotify Really Ready To Go Public? | MUSIK !D TV NEWS
On February 28th, Spotify registered its catalog to drift on the New York Stock Exchange with the US Security and Exchanges Commission and discloses new statistics on the company’s fiscal state.
The filing reveals that Spotify developed $4.6 billion in revenues in 2017, but loss $1.4 billion. The file pointed out that Spotify’s functioning loss didn’t increase intensively in 2017, but still have to deal with a huge finance cost of over a billion dollars. Also, the company stated that there would be complications with being a profitable business.
It was stated in the prospectus, “Since our inception in April 2006, we have incurred significant operating losses and as of December 31, 2017, had an accumulated deficit of €(2,427) million.”
What do you guys think? Let us know in the comment section down below.
#Spotify #NewYorkStockExchange #USSecurityandExchangesCommission