Spotify to report revenue of EUR 59 million for 2010 - study

Monday 28 March 2011 | 14:15 CET | News
Digital music service Spotify will report revenue of about EUR 59 million for 2010, almost five times its 2009 revenue, according to a study by Analysys Mason. Spotify's latest data release implies that about 9 percent of Spotify's subscribers now pay for music, up from just 3.6 percent at the end of 2009. The researcher said they believe that mobility has been the key to driving take-up of premium upgrades within Spotify's 'freemium' revenue model. The most significant inflection point in the take-up of Spotify's premium services was the introduction of support for iOS and Android-based

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Categories: Mobile & Wireless
Companies: Analysys Mason / Evernote / LinkedIn
Countries: World
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