Financials reveal Shazam narrowed its losses to £3.7m in 2016
Posted on: 2 octobre 2017, by : Stuart Dredge

Shazam narrowed its net losses from £16.7m in 2015 to £3.7m in 2016 (around $4.9m) in a year when it said its app had more than 300 million annual active users.
These details come from the company’s financial results for last year, filed with Companies House in the UK. Shazam’s revenues increased by 14.5% to £40.3m ($53.7m) in 2016, with the company saying that advertising continued to be “the primary commercial focus” for its business.
The post Financials reveal Shazam narrowed its losses to £3.7m in 2016 appeared first on Music Ally.
Source: Music ally

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