Spotify said today it has no immediate plans for a stock market listing, although a source familiar with the matter told Reuters the music streaming service could still be floated within a year. 

Reuters reported last month that Spotify will be the first major company to carry out a direct listing on the New York Stock Exchange later this year or early next year. 

Spotify co-founder Martin Lorentzon told Swedish radio today there were no plans for a listing, but the source told Reuters that "the implication is that it would be within 12 months from now". 

In a statement, Spotify said a stock market listing was still an option, but it had not "confirmed any definitive plans to go public". 

Lorentzon said that the firm had not "gotten anywhere and there is nothing planned regarding that". 

Spotify, which most recently was valued at $13 billion, lost €173m in 2015, according to the latest figures disclosed by its Luxembourg-based holding company.