SoundCloud revenue rose 19% in 2021 thanks to subscriber growth and creator tools.
of Repost Network, an artist rights management and distribution platform, provides SoundCloud with a subscription product that offers creative services such as promotion and marketing.
Gross profit margin — defined as gross profit as a percent of revenue — improved 12% to 35.4% on the strength of growth in subscriptions. Content costs — mainly royalties paid to record labels, publishers and independent artists — totaled 120.8 million euros , up 14.1% from 105.9 million euros in 2020. As a percent of fan revenue, content costs declined to 84.2% from 86.1% in the prior year.
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