![]() Other big names like Pandora report growing revenues too, but the company lost $169 million (Opens in a new tab) in 2015.Īpple Music, which doesn't have a free tier, says it has upwards of 15 million (Opens in a new tab) subscribers, but is unlikely to be profitable as a division just yet. The main outflow of money goes to song royalties to record labels and copyright owners - more than 70 percent of Spotify's revenue went to that. The biggest player in the market now, Spotify, showed a net loss of over $200 million (Opens in a new tab) last year - despite raking in a massive $2 billion in revenue. ![]() QQ's ability to be profitable is no mean feat, where plenty of Western competitors have fallen by the wayside. ![]() ![]() Some of Tencent's employees at its Shenzhen headquarters - just a fraction of its 30,000 employees. ![]()
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