Let’s Do The Time Warp: Spotify’s 2009 Accounts

Spotify’s 2009 UK accounts appeared at Companies House on Friday. They’re largely irrelevant now – not just because they’re nearly 12 months old, but also because Spotify, as we wrote when we covered its 2007/08 accounts, they’re not the whole picture: Spotify also operates from Sweden and other countries.

Regardless, the figures are an interesting snapshot in to the startup’s finances during its first full year of customer operation after initial R&D, the most interesting of which being the split between advertising and subscription income…

The company has since started limiting free, ad-supported playback and pushing its subscription service harder. 2009 was still a building and investing year for Spotify.

At last disclosed counts, Spotify had 10 million users and about 500,000 paying subscribers, though this is now likely to be higher.