Skip to main content

With a 2019 that saw SoundCloud hitting new content milestones and introducing new functionality to the platform, a report from Music Business Worldwide additionally confirms that the company saw record revenues the same year. The filing provided by SoundCloud states that "in Q4 2019, the firm’s 12-monthly gross revenue run-rate exceeded $200m for the first time in history.”

The growth in revenue is good news for the company and the more than 200 million tracks on its platform. As recently as 2016 SoundCloud began monetizing with SoundCloud Go, its premium music service, but the company also nearly ran out of cash in the same year due to exceedingly high operating costs. 

Since then, it's been mostly upside. SoundCloud has reduced headcount and overall operating loss between 2017 and 2018 was reduced nearly 50% year over year. 

While the competition posed by bigger players such as Spotify and Apple Music still looms large for SoundCloud, the company's latest ventures into new segments is likely to provide them with an additional push. 

Scroll to Continue

Recommended Articles

zedd

Zedd Reveals One-Time-Only "Clarity" Ten Year Anniversary Performance in San Francisco

At the special event, Zedd will play every track from his 2012 debut album.

Movement

Set Times and Special GRiZ Performance Announced for Movement 2022

The Detroit festival will feature performances from Jeff Mills, The Martinez Brothers, Carl Craig, Maya Jane Coles, Flying Lotus, Chris Lake, and more.

The company acquired Repost Network last year to expand its move towards handling content distribution and providing analytics services, a decision with the potential to significantly impact the balance sheet and SoundCloud's overall viability in the years ahead. 

H/T: Your EDM

FOLLOW SOUNDCLOUD:

Facebook: facebook.com/soundcloud
Twitter: twitter.com/soundcloud
Instagram: instagram.com/soundcloud

Related

soundcloud

SoundCloud Launches Artist Marketing Tool "Promote on SoundCloud"

SoundCloud expands its marketing tools with a new self-serve promotional program.

soundcloud

SoundCloud Hits Content Milestone of 200 Million Tracks

SoundCloud remains the largest open audio platform.

soundcloud-logo-1

SoundCloud's 2017 Financials Show 80% Year-on-Year Revenue Increase

2017 truly was a transformative year for SoundCloud.

soundcloud

SoundCloud Adds Distribution Services for Premium Accounts

SoundCloud distribution will be available to SoundCloud Pro and SoundCloud Pro Unlimited users.

soundcloud

SoundCloud Reconfigures iOS App in New Update

SoundCloud is stepping up their mobile app.

soundcloud

SoundCloud Launches Performance Integration with Pioneer DJ

DJs can now stream SoundCloud's catalogue through their Pioneer performance software

bts-jimin-breaks-record-with-promise-02

Jimin of BTS Breaks 24 Hour SoundCloud Streaming Record

SoundCloud's streaming record was previously held by Drake.

d8s8b6x-8cbd624e-b33a-4861-86ee-b4b55969b255

SoundCloud Announces Support for Native Instruments in Latest Integration

SoundCloud is rapidly ramping up their performance integration.