Spotify 2009 accounts

Revenue

£11.32m

Cost of sales

-£18.82m

Gross loss

-£7.5m

Distribution costs

-£608,711

Ad sales

£4.51m

Subscriptions

£6.8m

Operating loss

-£16.4m

Finance costs

-£259,292

Loss for the year

-£16.66m

Administrative expenses

-£8.29m