Music News Headlines - Yahoo! News: Music streamer Spotify doubles 2012 revenues after expansion

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Music streamer Spotify doubles 2012 revenues after expansion Jul 31st 2013, 14:15 STOCKHOLM (Reuters) - Music streaming web service Spotify more than doubled revenues in 2012 to 435 million euros ($577 million) as it expanded to new markets and almost doubled its users, documents showed on Wednesday. The Stockholm-based company, which provides free on-demand music or ad-free tunes for paying customers, posted a 58.7 million euro net loss, compared with the 45.4 million loss it had in 2011 on turnover of 190 million. ... Media files: 2013-07-31T141518Z_1_CBRE96U13LU00_RTROPTP_2_MUSIC-US-SPOTIFY-RESULTS.JPG (image/jpeg)

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