Shazam had about 120 million monthly active users at the end of 2014, but the company lost £14.84m in 2014, up significantly from the £7.74m it lost in the previous year.
Revenue remained strong, at least, up 16 percent to £36.01m at the end of 2014.
The company has done two funding rounds since 2014, raising first $10 million USD and then $49 million USD, making Shazam a 'unicorn' - a startup with a $1 billion valuation. Like most unicorns, it does appear that Shazam is a ways away from making a profit.
Written by: Andre Yoskowitz @ 5 Sep 2015 12:34