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SoundCloud Revenues Estimated To Increase By 43% This Year

After countless dark clouds over the music streaming platform SoundCloud, the platform may have some sunshine after all.

According to Digital Music News and PrivCo, SoundCloud had a gross revenue of $27.9 million in 2016, a 43% increase from year's past. The gain this year is most likely driven entirely from advertising revenues, although other explanations for the increased revenue may be revealed at a later date.

Back in 2014, SoundCloud reported a $43.9 million loss while also reporting $19.48 million in revenue.

As Spotify continues to have further acquisition discussions with SoundCloud, some believe the chatter may have increased SoundCloud's value.

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