Spotify revenue up 160% in 2011 - but losses grow 59%

The figures, published in Swedish newspaper Dagens Industri, were confirmed by the streaming music service's CEO Daniel Ek who went on to predict that revenue for the company in 2012 could reach $887m.

Ek also made it clear that he is more focused on growth than profit saying, "The question of when we'll show a profit actualy feels irrelevant. Our focus is entirely on growth. It is priority one, two, three, four and five."

To that end, reports suggest that ...

Login to access this article

To access this article you need to be a subscriber. If you are a subscriber login below.


If you have previously taken a trial you will need to subscribe to access this article.

Subscribe Now
subscribe link free-trial link

follow us...