Spotify released its 2013 financial report which showed both rapidly growing revenue and significant net losses. Revenue grew 73% from 2012’s €430.3 to €746.9 million or $931 million USD last year. But losses also rose 16% to $116 million in 2013. The new report covers global results for all territories including the UK and France, both whom recently reported that their global operations were in the black. One bright spot is that Spotfy's “cost of revenue” (mostly royalties paid to rightsholders) fell from 90.5% of revenue in 2012 tp 82.5% of revenue in 2013. "We believe that music has mass...

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