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Spotify Is Having A Good 2012: Revenues Could Reach $500M As It Expands The Digital Music Market
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Spotify, the streaming music startup, was having serious trouble paying its bills, if you believed reports from earlier this year. Its 2011 financials showed a loss of nearly $60 million on revenues of $244 million. But this information is out of date, because the company has had a relatively strong 2012.
It made $200 million in total revenue over the first six months of 2012, and is on an annual run-rate that could put it around $500 million by January, according to industry sources. Despite another net loss this year, Spotify’s business model — free streaming music with ads, or $10 a month for additional features and no ads — is going in the right direction.
source: http://feedproxy.google.com/~r/Techcrunch/~3/6VBAfICVXfs/
2012-11-10 16:01:49
Source: http://someit.com/2012/11/10/spotify-is-having-a-good-2012/
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