Soundcloud’s Revenue officially surpasses $100 Million. SoundCloud was created in 2007 and since then the music streaming world has changed immensely with the platform having to compete against Apple Music, Spotify, Tidal and more.
Last year the platform was seemingly fighting to stay relevant but since Kerry Trainor has taken over as CEO the platform is doing better than ever.
Financial Times reports that SoundCloud has now passed $100 million in revenue and Kerry tells the publication that it “has never been healthier financially.”
SoundCloud offers specific tools for podcasters and artists that cost around $70 to $100 a year.
Kerry said, “Artists were always SoundCloud’s core value, and that is how we need to measure its success. How many people are starting their careers on SoundCloud? What SoundCloud needs to prove is it can be the most-used stepping stone between obscurity and stardom.”