SoundCloud 2016 financials show losses increased to $74.5m

SoundCloud has published its financial results for 2016 through Companies House in the UK. They show that the company’s revenues grew by an impressive 88.9% to €50.3m that year (around $62m) but that its net loss grew by 45.4% to €74.5m ($91.8m) in 2016. That was based on the company’s cost of sales – including royalties – […]

SoundCloud says it surpassed $100m of revenues in 2017

SoundCloud CEO Kerry Trainor has been talking to the Financial Times about what he says is a corporate comeback for the streaming service, following its troubles of 2017. According to Trainor, SoundCloud’s revenues last year surpassed its goal of $100m, with its user base growing in each of the last three quarters after an (underreported […]

‘First on SoundCloud’ program will celebrate early creators

For all its troubles in the last year, SoundCloud still elicits affection from a lot of artists who made their first moves on the platform – including some who’ve since become global stars. Now the streaming service is flagging that up much more prominently with a new initiative called ‘First on SoundCloud’. It’s partly about […]

SoundCloud: ‘Do not think of us [just] as a streaming service… we’re a form of social media’

How did Chance the Rapper, Lil Uzi Vert and other artists have such success building an audience on SoundCloud? Because they saw it as more than just a music-streaming service. That’s according to SoundCloud’s director of label relations Julia Killer, who was talking at the FastForward conference in Amsterdam last week. “Do not think of […]

SoundCloud revamps app home screen with playlists and recommendations

SoundCloud is redesigning its app’s home screen with more focus on playlists and recommendations, including two new own-brand playlists showcasing trending hip-hop and dance tracks. The app’s homepage will now be based around sideways-scrolling carousels of playlists and albums, some of which will be tuned to the listener’s tastes. These will include ‘More of what […]

Spotify, Deezer and SoundCloud launch European lobbying coalition

Music-streaming services Spotify, Deezer and SoundCloud are among the founder members of a new coalition that plans to represent the European digital music industry in Brussels. Streaming service Qobuz, B2B firm 7digital and music-analytics startup Soundcharts are the other three founding members of Digital Music Europe. Its president will be Deezer CEO Hans-Holger Albrecht, while […]

SoundCloud now shows creators who’s playlisting their tracks

Traditionally, individual tracks have been the important unit on SoundCloud, with the streaming service’s discovery dynamic being mainly about following the right people to surface the best tracks into your feed. However, SoundCloud has been gradually putting more emphasis on playlists to match the strategies of its rivals: something that’s clear from the latest update […]

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