
Spotify's storming of the U.S. market last year has seen the company rack up a total of 10 million active users of its music streaming services. It is projected to have revenues of $889 million this year, up 160 percent on 2011. But with that growth also comes increasing net losses, which in 2011 doubled to the tune of around $60 million. Daniel Ek, CEO of the music streaming company, says in a candid interview with the Swedish financial paper
Dagens Industri (translation
here) that the question of when Spotify will show a profit is currently irrelevant. "Our focus is entirely on growth," he told the publication. "That is priority one, two, three, four and five."
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