Artists and bands everywhere have been worried for a while about whether SoundCloud would change drastically in order to survive, thanks to the ever growing losses that the company was experiencing. The platform is the main window to the outside world for many indie act’s music, and for many the thought of finding a new service is daunting. It looks like you can put that worry on hold though, as the company has reported an increase of revenue by 80%, and while it’s still not profitable, the losses are dropping.
Source: It Looks Like SoundCloud Is Getting Healthier – Music 3.0 Music Industry Blog