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Agencies 4 Growth Festival Logo
Agencies 4 Growth Festival Logo
Agencies 4 Growth Festival Logo

The future of Soundcloud is at risk as it reports a $44m loss

Audio streaming service SoundCloud has reported a $44.19m loss on revenues of just $15.37m in 2014, according to its latest financial reports.

The latest results indicate that the company, which allows both musicians and other content creators to share audio online for free, will likely have to seek additional capital investment to continue operating.

The Berlin-based firm told FACT that the figures reflected “those of a company in a strong growth stage”.

More than 110m tracks have been shared on the service, which boasts 175m monthly active users.

The company has previously attempted to sell itself to Twitter and also offers paid subscription plans, which include more detailed playback statistics and larger upload limits.

SoundCloud has also recently enabled content creators to generate revenue through advertising, partnering with rights management company Zefr to prevent the reproduction of copyrighted material.

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