Tidal Posts $28M Net Loss in 2015, More Than Double From Year Before

September 14, 2016 12:48 AM

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Tidal Posts $28M Net Loss in 2015, More Than Double From Year Before

Jay Z's streaming service recorded $28 million net loss last year, a $17.6 million increase since 2014.

In the year-and-a-half since Jay Z and his squad of artist co-owners purchased Tidal, the company has more than doubled its net losses while increasing its revenue only 30 percent, signaling potentially troubling times for the Swedish streaming service.

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