Rhapsody’s losses increased between 2012 and 2014. Looking at the graph trend, it seems that 2015 is headed towards another catastrophic loss.
But don’t worry! Rhapsody has more subscribers!
Rhapsody (and its subsidiary Napster) now have 3 million subscribers worldwide. A year ago, the services had 2 million subscribers, so they’ve grown by about a million in a year.
The company says mobile listening is up 60 percent from a year ago, though that reflects a problem: a giant chunk of Rhapsody’s growth is happening through bundled mobile deals, which yield far less money for services.
Offline listening is also up by almost 60 percent from six months ago.
Image by David Burke, licensed under Creative Commons Attribution 2.0 (CC by 2.0).