Tidal's parent company grew global revenues by 26.4% year-on-year to $147.6 million in 2018, according to new documents filed with the UK Companies House. But the company's U.S. revenues fell from $71.5 million in 2017 to $57.4 million in 2018, representing a 19.7% dip.
's Tidal streaming service, Project Panther Bidco, grew global revenues by 26.4% year-on-year to $147.6 million in 2018, according to new documents filed with the UK Companies House.
The filing notes that in the U.S., Tidal also expanded its partnership with Sprint in 2018 with a new bundled subscription plan. However, despite its global revenue growth, the company's U.S. revenues fell from $71.5 million in 2017 to $57.4 million in 2018, representing a 19.7% dip. The financial docs also show that 97.7% of the company's revenues come from subscriptions , with the rest coming from sponsorship . Tidal claims to have more than 60 million songs and 250,000 videos in its catalog.
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