Music streaming may be popular but its not profitable

Streaming is quickly becoming the most popular way to listen to music nowadays, but that doesn’t mean it’s profitable, at least at current prices. With millions of users paying the $10/month premium and subscription fee and tens of millions using the ad-supported free option, Spotify is still failing to bring in a profit. In fact, despite how its revenue is skyrocketing, Spotify’s losses are growing at an even faster rate.