SoundCloud is in trouble

The audio streaming service has revealed that it is facing serious financial difficulties.

By - February 12, 2016 Share on LinkedIn

SoundCloud has released new financial reports which show that its losses have doubled between 2013 and 2014.

Combined losses over the two years amounted to €62.1 million (R1.1 billion).

Ars Technica reported that the Berlin-based audio streaming service and social network has struggled to turn its massive user base into a revenue stream.

Despite being popular among independent producers and DJs around the world, as a “freemium” service most people use the site without paying.

In light of continuing losses and an average revenue per user of 11.2 US cents, the company’s board of directors wrote that there are “material uncertainties facing the business”.

Vodacom and MTN raise prices by 400% for Autopage customers – Autopage responds

Kids are saying goodbye to Facebook and Twitter

Netflix War draws first blood: Vidi is dead

The real reason why SAA is in trouble

Share your thoughts

Join the conversation

Connect with Us



Did yesterday's DDoS attack against Dyn affect websites/online services you were using?

View Results

Loading ... Loading ...

More News

The biggest mistakes you can make with your LinkedIn profile picture


Former LinkedIn employee Koka Sexton has provided insight into what makes a terrible profile picture for the professional networking site.

Netflix’s VPN clampdown didn’t hurt it

Netflix logo on screen

The over-analysis of Netflix’s recent financial reports were off the mark.

South Africa’s economy is going to take another knock

SA rand money

South Africa’s decision to withdraw from the International Criminal Court will bring on more troubles for the country’s economy.

MyBroadband Conference 2016 – cool photos of what you missed


The annual MyBroadband Conference took place at the Gallagher Convention Centre in Midrand on 20 October, and once again proved why it is the premier IT and telecoms event in South Africa.

Free MyBroadband Newsletter