Scandinavian firm Aspiro has published its latest interim financial report, including data on how its WiMP digital music service is doing. Aspiro’s music division’s revenues increased 88% year-on-year in Q2 2012 to SEK 49.7m ($7.4m), although that growth came at a cost: the music division’s EBITDA (earnings before interest, taxes, depreciation and amortisation) went from a loss of SEK 6.7m in Q2 2011 to a loss of SEK 13.8m in Q2 2012. Aspiro says WiMP had 350k paying users at the end of Q2 across Norway, Sweden, Denmark and Germany, including losing 40k users by cutting its partnership with Portugal Telecom. This means that overall, WiMP’s paying users stayed flat – it had 350k at the end of Q1.
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