Streaming music service Spotify’s revenues rose 154% year-on-year to €187.8m in 2011, although net losses widened from €28.5m in 2010 to €45.4m in 2011 as the service rolled out around the world.
This is according to the Wall Street Journal, based on Spotify’s just-published financial accounts – although the numbers had been confirmed in the Swedish media earlier in the year.
More detail from the latest filing: 83% of Spotify’s 2011 revenues came from subscriptions, versus 71.2% in 2010.
The service ended 2011 with 32.8m registered users, although the company said recently that it has “more than 15m active users”, while Facebook’s stats suggest it had 25.9m monthly actives at the end of July 2012.

