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Entertainment

Spotify’s Loss Widens Despite Big Jump in Revenue

Spotify’s operating loss rose significantly to between 300 million and 400 million euros last year, the music streaming company has told its investors, from 184 million euros in 2015. That’s despite a 50% increase in revenues to 2.9 billion euros ($3.1 billion), according to two people briefed on its numbers.

The wider loss spotlights longstanding questions about Spotify’s ability to turn a profit, as it prepares to go public at a valuation that could reach $13 billion.

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