13 02 13

Aspiro results reveal the costs of WiMP streaming music service

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Aspiro has published its latest year-end financial report for 2012, revealing Q4 net sales down 5.4% year-on-year to SEK 67.8m ($10.7m).

However, they include a deeper dive into the performance of its music division’s WiMP streaming service. Aspiro generated SEK 48.4m ($7.6m) in Q4, up 9.3% year-on-year.

However, the division’s earnings before interest, taxes, depreciation and amortization (EBITDA) dropped from a loss of SEK 8.4m ($1.3m) in Q4 2011 to SEK 21.2m ($3.3m) in Q4 2012.

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Stuart Dredge
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