Spotify's Widening Losses Point to a Painful IPO [The Motley Fool]
PANDORA MEDIA (P)
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Source: The Motley Fool
As the streaming-music giant prepares its IPO, a recent release of its financial statements points to a major problem with its business model. As predicted as much as a year ago, music-streaming leader Spotify's eventual IPO was only a matter of time. More to the point, the comically onerous terms of its most recent round of financing give Spotify a strong incentive to go public as quickly as possible. So it should come as no surprise that multiple reports over the past several months have claimed that Spotify's IPO could be only months away, though the company may choose an unconventional way of listing its shares. But based on info from a recent leak of Spotify's 2016 financial data, the company seems to be sitting in a sea of red. What do the numbers say about the long-term prospects of the company's business model? Spotify: Still seeing red Last week, the music industry site Music Business Worldwide published Spotify's updated financial statements for 2016 .
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