Spotify UK makes 60% of its revenues from subscriptions

"Here are highlights of the 2009 financial accounts for Spotify Limited, its UK-headquartered arm that is really the guts of the operations:
- The operating loss was £16.4 million for 2009 as a whole
- Net loss after taxation was £16.66 million
- Revenues for 2009 were £11.32 million
- Cost of sales was £18.82 million
- Distribution was £608,711
- Administrative expenses were £8.29 million
Spotify’s revenue by category was:
- £4.51 million from sales of advertisements in 2009, just under 40% of revenue
- £6.81 million from subscriptions, just over 60% of revenue
- At the end of 2009 it had 23 employees
- Staff costs were £1.17 million"
Source:  Techcrunch Europe, 22nd November 2010