Analysis

Spotify Ltd financials reveal narrowing losses


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Spotify Ltd’s revenues grew from £63.2m in 2010 to 95.5m in 2011, while the company’s operating loss fell from £26.5m to £2.1m in the same period, according to accounts filed by the company in the UK. Subscriptions were what fuelled Spotify’s growth: while ad revenues rose 24.2% to £22.4m in 2011, subscription revenues grew by […]

Stuart Dredge

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