Spotify Doubles Revenues In 2012 While Losing Money, Highlighting Royalty Squeeze

Spotify's 2012 results are out today, with Reuters reporting that the private company had revenue of�435 million euros, and a 58.7 million euro net loss. The revenue figure is impressive, more than doubling 2011's 190 million euro tally. However, the company's net loss widened in the year, even as it saw a dramatic expansion of its top line from�45.4 million euros to the aforementioned 58.7 million figure.

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