Monday, 11 April 2011

Shazam lost over £600,000 on revenues of nearly £11m in the year to June 2010

"Mobile discovery service Shazam has published its financial results for the year ended 30 June 2010.
The company reported revenues of £10.6 million, and a loss after tax of £635,366 in the documents, filed with Companies House in the UK.
That compares to revenues of £7.3 million in the previous financial year (ended 30 June 2009), when Shazam reported a loss after tax of £89,943.
In its latest financial year, Shazam’s administration expenses were £10.5 million, having grown from £6.6 million in the previous year. Of the £10.5 million, £4 million went on wages and salaries."

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