Last night, we sent out our fortnightly Music Ally Report, with the lead feature looking at Spotify’s financial results, which were published on Tuesday. Our main conclusion: they tell us a lot about Spotify’s past growth, but also hint at the real challenges yet to come as Apple and Google ramp up their streaming businesses. Our country profile this week is India, the second most populous nation in the world with a huge number of under-25s, making it a big priority for the music industry. Meanwhile, our Beyond Music piece looks at Yik Yak, the latest buzzy messaging app, which has raised $62m in a new funding round despite being just a year old.

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