Users across Europe may love Spotify's free, ad-supported music streaming service, but if their 2009 numbers are any indication, they might not get to love it much longer.
According to Spotify's own disclosure, the company lost �16.66 million in 2009. That comes from �11.32 million in revenue, and �18.82 million in costs. Add a dash of taxes, and you get a pretty hefty operating loss.�Spotify clued us into how their earnings break down as well. They get cash from two sources: ads and subscriptions. In 2009, Spotify pulled in �4.51 million from advertisements, and �6.81 million from subscriptions.
Source:
http://respectedadmins.com/blog/spotify-lost-16-66-million-in-2009/
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