The Guardian reports that Spotify's global revenues were up 73.6% in 2013 to 747 million euros (£593 million. 91% of that income cake from paying subscribers rather than users of the streaming service's ad-funded freemium tier. Operating losses also grew by 16.4% to 80 million euros (£63 million). It was recently confirmed that Spotify's UK and French businesses both went into profit in 2013 but at a global level, given the firm's continued rampant worldwide expansion (plus it's hard to know what costs are covered at a national and global level) the rising losses were exoected. The parent Spotify company is based in Luxembourg.
More on Spotify's business model here