Spotify revenues hit $3.3bn in 2016

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Spotify saw its revenue grow by a healthy 52% to €2.93bn (US $3.3bn) in 2016. However, according to documents just filed in Luxembourg, its annual net loss widened by 133% to a momentous €539.2m ($597m). Before anything else, it’s worth delving into what contributed to this loss – which stood at €556.7m ($616m) on a comprehensive basis (when further foreign exchange differences are taken into account). read more at musicbusinessworldwide.com

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