Spotify UK has reported a £10.1 million loss in 2012 as revenues dipped 4.1%, owed in part to a decrease in subscription income at the subsidiary. 

However, the company has said that this is a result of an administrative redistribution of global revenues and not necessarily a decline in users.

Overall revenues fell from £96.5m in 2011 to £92.6m in 2012, with subscription revenues dropping from £72.4m to £64.7m.

However, according to the company report, this is because global premium ...