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Spotify losses more than doubled in 2016 to 556.7 million euros ($581.4 million) on revenues of 2.933 euros ($3.064 billion) from the 230.9 million ($241.6 million) in red ink tallied in the prior year, when sales, restated, were $1.93 billion ($2.014 billion), according to the streaming service's annual financial report. (On Wednesday, Spotify announced that that total user figure is now at 140 million.).
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A previous version of this article misleadingly said that Google was “opening doors” to Spotify. While Chromecast has long supported Google Play Music, Netflix, Pandora, and other subscription services, Spotify - one of the most popular music streaming services - has long been left off the list.
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