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Spotify revenue and losses on the rise

2016-05-24 04:56:36| BBC News | Business | UK Edition

Streaming music platform Spotify sees revenue top 1.95bn euros ($2.2bn;1.5bn) over the past year, but has yet to make a profit.

Tags: the rise revenue losses

Cott Corp narrows Q1 losses as water services business grows

2016-05-09 14:50:00| Daily beverage news and comment - from just-drinks.com

Cott Corp has almost halved Q1 losses as it ramps up the customer base for its home and office bottled water service.

Tags: services business water corp

HTC reports fourth quarter of losses

2016-05-09 12:00:00| Telecompaper Headlines

(Telecompaper) HTC reported an operating loss of TWD 4.8 billion for the first quarter, after a sharp fall in sales for the smartphone maker. The result compares to a small profit of TWD 0.02 billion in the year-earlier period and is the company's fourth consecutive quarter in the red. Revenues for the three months to March more than halved compared to a year ago, to TWD 14.8 billion from TWD 41.5 billion. The net loss totaled TWD 2.6 billion, including a profit of TWD 2.1 billion from selling land buildings in Taiwan. HTC said it was off to a better start in Q2 following strong launches for its new flagship phone, the HTC 10, and its virtual reality device, the HTC Vive. The company said it will continue to work on streamlining processes and optimising its resources.

Tags: reports fourth quarter losses

Store closures to continue as Bebe losses widen

2016-05-06 14:32:00| Daily apparel & textile news and comment - from just-style.com

Losses at US women's wear retailer Bebe Stores widened year-on-year during its third quarter, hit by a double-digit drop in sales, higher markdowns and costs incurred in restructuring its operations.

Tags: store continue losses closures