Shazam posted losses of £5.8 million for the second half of 2013, compared to losses of just under £2 million for the previous twelve months.
Analysing the figures, Music Ally notes that from July 2012 to June 2013 the music identification tech provider reported revenues of £31 million, with the £2 million losses. But for the second half of 2013, while six month revenues were in line with the previous year at £16.9 million, losses were significantly up pro rata.
Posted on: 29/09/2014Categories: News from CMU Online