MixCloud (Radio Stations, DJ Mixes and Podcasts) Strong Revenue Growth but Growing Losses

Mixcloud has always been a very interesting platform and it seems like they have been able to consistently grow revenues, but that has also meant big spending to fuel growth.

2018 Revenues – £2.44m (compared to £1.67m in 2017) – 45% growth YOY

Adminstrative expenses rose from £1.06m in 2017 to £4.01m in 2018.

Mixcloud raised its first ever funding round in April 2018: reported as $11.5m from US media group WndrCo.

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Lossless music and spatial audio comes to Apple Music App for Android

Apple recently updated its Apple Music app for android to introduce support fro spatial audio and lossless music quality.

Spotify Partners with GIPHY

Spotify have partnered with the Facebook owned GIPHY to connect users with artists’ music via GIFs.