SoundCloud Revenue And Usage Statistics (2024)

David Curry

Updated: May 13, 2024

SoundCloud is one of the largest open music streaming platforms available, known for its massive list of independent music creators who upload hundreds of hours of music to the site every week.

The platform was founded by Alexander Ljung and Eric Wahlforss in 2007, who met at university and bonded over their love of music. Originally, SoundCloud was built for professional musicians, but the pair quickly saw the value of opening it to all sorts of content creators.

Millions of creators use SoundCloud as a way to distribute music, demos and beats, with producers, singers and everything in-between collaborating on the platform. Many artists used the platform as a first step in their career, including Post Malone who uploaded White Iverson in 2015, which became a viral hit.

SoundCloud grew at a impressive rate for the first few years, rising from 15 to 150 million registered users from 2012 to 2015. However, the platform struggled to generate income for it or its creators, many of whom did not receive anything for their streams.

Twitter and Spotify both looked into acquiring SoundCloud in the mid-2010s, however both pulled out after reviewing the financials. It was reported that Twitter planned to offer SoundCloud $2 billion.

In 2015, Sony Music decided to pull several artists of the platform, deeming the collaboration unprofitable. The artists were added back at a later date, after SoundCloud reached an agreement. Several other top artists have removed songs from the platform in the past for similar reasons, although most can be found on SoundCloud’s premium Go+ service.

This battle, between its independent creators and music industry, has led to tension. Radio hosts, DJs and independent artists have had their content removed because of copyright infringement, which some say goes against SoundCloud’s open, collaborative beginnings.

SoundCloud has seemingly deemed it worth working with the music industry to become profitable, even if it harms the website’s creative independent users. The rate of new music being uploaded to SoundCloud has increased every year, so it’s clear a lot of independent creators are still happy with the platform.

SoundCloud has had a few changes in management over the past five years, with Ljung being replaced by Kerry Trainor in 2017 and then Trainor being replaced by chairman Michael Weissman in 2020. The aim of both has been to increase SoundCloud’s earnings, which have accelerated in the past five years.

We have collected data and statistics on SoundCloud. Read on below to find out more.

SoundCloud Key Statistics

  • SoundCloud generated €288 million revenue in 2023, an increase of €20 million on the previous year
  • SoundCloud has 140 million registered users
  • Over 40 million music creators have a SoundCloud account
  • SoundCloud was most recently valued at $100 billion

SoundCloud Overview

TitleTitle 2
Launch dateOctober 2008
HQBerlin, Germany
PeopleMichael Weissman (CEO), Alexander Ljung (co-founder, chairman)
Business typePrivate
IndustryMusic streaming

SoundCloud Revenue

SoundCloud made over $288 million revenue in 2023, its highest recorded annual revenue.

SoundCloud annual revenue 2011 to 2023 (€mm)

YearRevenue (€mm)
20114
20128
201311
201417
201521
201625
201781
2018108
2019116
2020194
2021231
2022268
2023288

Source: Company data, Music App Report

SoundCloud Users

SoundCloud has 140 million registered users. It had to delete over 70 million users between 2015 and 2018 due to inactivity.

SoundCloud users 2012 to 2023 (mm)

YearUsers (mm)
201215
201340
201485
2015150
201885
201992
2020115
2021130
2022135
2023140

Source: Company data, Music App Report

SoundCloud Music Creators

Over 40 million creators use Soundcloud as a way to publish music.

SoundCloud music creators 2018 to 2023 (mm)

YearCreators (mm)
201820
201922
202025
202130
202235
202340

Source: Company data

SoundCloud Number of Tracks

There are over 375 million tracks available to listen to on SoundCloud.

SoundCloud number of tracks 2015 to 2023 (mm)

YearNumber of tracks (mm)
2015100
2016125
2019180
2020200
2021150
2022250
2023375

Source: Company data

SoundCloud Traffic by Country

More than a quarter of SoundCloud’s web traffic comes from the United States, its most popular market.

SoundCloud traffic by country 2022 (%)

CountryPercentage of Traffic
United States28
United Kingdom6
Germany4
Russia4
France3

Source: SimilarWeb

SoundCloud Valuation

SoundCloud was valued at $1 billion in 2023, double the previous valuation in 2017.

SoundCloud valuation 2012 to 2023 ($mm)

YearValuation ($mm)
2012200
2015700
2017500
20231000

Source: Pitchbook 

SoundCloud Funding

SoundCloud has received $552 million in funding since it launched in 2009.

SoundCloud funding 2009 to 2020 ($mm)

YearFunding ($mm)
20093
201113
201253
2014103
2016208
2017447
2020552

Source: Crunchbase

SoundCloud Users vs Competitors

Want to learn more? Check out our Music App Report

SoundCloud FAQ

How many countries is SoundCloud available in?

SoundCloud is available in 190 countries

What companies have tried to acquire SoundCloud?

Twitter was reportedly considering a $2 billion acquisition of SoundCloud in 2014 (Recode). Spotify also mulled an offer in 2016, but did not end up making a bid for the company (TechCrunch)

How much music is uploaded to SoundCloud?

Users upload 12 hours of music and audio every minute (TechCrunch)

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