February 3, 2012:Aspiro financials reveal widening losses for music

Aspiro financials reveal widening losses for music

Scandinavian firm Aspiro has announced its latest set of financials, including figures for its music division, which runs the WiMP subscription streaming service. That division’s net sales were up 130% to SEK 44.3m ($6.6m), but its EBITDA (earnings before interest, taxes, depreciation and amortisation) was a loss of SEK 8.4m ($1.2m), compared to a loss of SEK 5.7m ($0.8m) in Q4 2010.

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