Spotify UK revenue hit £95.5m in 2011 as losses tumbled
The latest financial statement from Spotify indicates that its UK business significantly narrowed its operating losses in the 2011 financial year while total revenue grew to £95.5m.
In the year to the end of December 2011, Spotify UK's losses fell to £2.1m from £26.5m in the previous 12-month period.
Total revenues grew to £95.5m over the period from £63.2m in the prior year, fuelled by a £27.4m rise in subscription revenues to £72.5m.
The figures for the UK business also ...
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