Hmm ...
Qobuz went thru the equivalent of Chapter 7 et/ou 11, in 2015, in France, after 9 years of operation. (It was founded in 2007.)
XANDRIE, the company that bought Qobuz, has then injected abt. 10 millions in order to reorganize the business.
2017's sales revenue was of abt. 10 millions, of which 50% in France. (With the rest from Germany, Spain, the UK, Italy.)
The EBITDA was of abt. 5 millions ...
The target for them is to make some money on 2021, as based on a sale turnover of 110 millions ...
Yes, 10x higher than the current one !!!
It looks
veeeeeeeeeeeeeeery optimistic
- really hoping they can succeed as the offer and overall quality is really very good.
It should added that they declare an ARPU - Average revenue per user of 178 EUR/year, so 2x higher than those of their competitors, Spotify was at 61 EUR/year in 2016, according to Bloomberg. Qobuz's target is to bring the ARPU at 200 EUR / year in 2021.
Finally, in addition to the US, they are also working on settlements into South America, using the Spanish market as bridge to succeed there.