Spotify could turn a profit for the first time in 2017

That Spotify is currently the undisputed leader in the music streaming market is something none of us would dare to question. However, when a company insists on offering a service that is not at all profitable, that's when we begin to doubt the principles that drive a system. The reality is that Spotify has been with us for many years, however, although many do not know it, it has never managed to make a profit with subscriptions to its service. On the other hand, everything could change in 2017, as they are expected to obtain economic benefits from their activity for the first time.

P J. Parson, an early investor in Spotify, told Reuters he was confident Spotify would turn a profit for the first time in its history in 2017. Much of the credit is due to the fact that they have expanded into Japan and plan to reach China, Russia and South Korea. In the coming months.

So far we have grown and grown. Perhaps the profitability of the system is now starting to be a priority. As investors, we have been working on launching a public offering at some point in the future.

Right now, we're going to try to maximize the profitability of the business as we grow. Our financial systems are really strong.

Launched in 2008, this musical platform has continued to develop, succeed in being present in around sixty different marketsthus achieving more than forty million paying users. Apple Music, on the other hand, is present in 115 countries, with 17 million payment accounts.

Spotify announces the arrival of 40 million premium users

In financial aspects, Spotify lost $145 million last years, which isn't small, but it's less than the 165 million in 2014. And it's a big company, with more than 2,000 employees around the world. Although the fact that they extend over time an activity that really does not stop providing losses continues to scream.

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