SoundCloud may run out of cash this year as it posts a €51 million loss

Jan 6, 2017 · businessinsider.com

Soundcloud ceo alexander ljung 4

SoundCloud's losses grew faster than its revenues in 2015 – with the company now admitting that, should its subscription service flop, its funding may run dry this year.

According to a new filing at Companies House (UK), SoundCloud Ltd's revenues grew 21.6% to €21.1 million ($22 million, £18 million) in 2015 – but its net losses accelerated 30.9% to €51.22 million ($52 million, £42 million).

Despite these worries, it's still a lucrative place to work.

SoundCloud's headcount grew by 25% in 2015, up from 236 to 295 people. It spent €26.77 million ($28 million, £23 million) on wages and salaries in the year – up 49% year-on-year.

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