Skip to main content

SoundCloud's road to financial solvency has been a long one, but the streaming service has reported its most significant progress yet. The company has filed its 2017 accounts with UK Companies House, and the figures suggest a night-and-day difference in the company's cash flows.

Music Business Worldwide compiled the numbers, which show a year-on-year revenue increase of 80% from 2016 to 2017. Perhaps more importantly, the platform reported a decrease in operating loss of 27% in the same period.

2017 also marked the year that SoundCloud co-founder Alex Ljung stepped down as CEO to make way for former Vimeo CEO Kerry Trainor. Following a year in which SoundCloud announced some of its most game-changing partnerships to date, the other co-founder, Eric Wahlforss, stepped down from his own position as chief product officer last week.

SoundCloud has not reported any of its losses or earnings for 2018 at the time of writing.

Scroll to Continue

Recommended Articles

Santino's On Heaven

Santino's Rooftop "On Heaven" In the Underground Dance Music Destination of Playa Del Carmen

Nestled along Mexico’s Caribbean shoreline in Playa del Carmen is one of best hidden spots for underground dance music, Santino Playa.

dirtybird campout

"Ganja Garden": Cannabis Culture Comes to Dirtybird Campout

Now you can buy cannabis, learn to roll it and smoke it at Dirtybird’s famously ratchet, summer camp-themed music festival—and it's 100% legal.

DSC09142

Look Inside Portola, San Francisco's Newest Electronic Music Festival

Flume, Four Tet, Fred again.. and many more touched down in the Bay Area to crystallize Portola in San Francisco's festival lore.

Related

soundcloud

SoundCloud Exceeds $200M In Gross Annual Revenue for the First Time

SoundCloud has overcome some critical headwinds in order to post new company record revenues.

The SoundCloud logo in white over orange.

SoundCloud Co-Founder Eric Wahlforss Steps Down as Chief Product Officer

"...Now is the right time for me to take a break, reflect, and think about what to create next."

SoundCloud

You Can Now Link to SoundCloud Tracks in Your Instagram Stories

SoundCloud has announced yet another major partnership.

SoundCloud logo orange over white background.

SoundCloud May Soon Give Artists Payouts for Remixes of Their Songs

SoundCloud will partner with Dubset to develop remix monetization tools.

SoundCloud logo orange over white background.

You Can Now Play Tracks from SoundCloud in Serato DJ Sets

SoundCloud has rolled out the first of many hardware integrations.

SoundCloud

SoundCloud to Allow DJs to Stream Songs Straight to their Decks

SoundCloud has announced partnerships with Native Instruments, Serato and others.

The SoundCloud logo in white over orange.

Find Out Which Artists Rose to the Top in the 2018 SoundCloud Playback Infographic

SoundCloud's new infographic details the platform's biggest players.