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August 1, 2013 01:58 am GMT
Spotify's 2012 results are out today, with Reuters reporting that the private company had revenue of435 million euros, and a 58.7 million euro net loss.The revenue figure is impressive, more than doubling 2011's 190 million euro tally. However, the company's net loss widened in the year, even as it saw a dramatic expansion of its top line from45.4 million euros to the aforementioned 58.7 million figure.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/3kW11TTvuPw/
Spotify Doubles Revenues In 2012 While Losing Money, Highlighting Royalty Squeeze
Spotify's 2012 results are out today, with Reuters reporting that the private company had revenue of435 million euros, and a 58.7 million euro net loss.The revenue figure is impressive, more than doubling 2011's 190 million euro tally. However, the company's net loss widened in the year, even as it saw a dramatic expansion of its top line from45.4 million euros to the aforementioned 58.7 million figure.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/3kW11TTvuPw/
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