Last.fm is a global online music service that tracks people’s music listening habits - across many devices/platforms and via its world-class personalized music service – to help them discover and share new music through recommendations, exploration and the integration of social networking tools. Key features of the service:
- Your Music Listening History Track all your music listening almost anywhere via a process we invented called "Scrobbling"
- Personalized Music & Event Recommendations The more users scrobble, the more data we have to help them discover new bands and gigs, based on what they listen to, what their friends, listen to and what’s emerging in hundreds of different genres, globally.
- A global encyclopedia of music. Each artist has an individual wiki-based page that collects biographical data, discographies, track details, photographs, aggregated listening stats, similar artist data, user-generated tags and other information.
- Social Features Share new favorite bands and weekly listening history to social networks like Facebook and Twitter. Active community for music fans to discuss their discoveries.
Last.fm was founded in 2002 and is headquartered in London, GB
Key People at Last.fm
Michael Breidenbruecker
Founder and CEO
Richard Jones
Co-Founder
Simon Moran
Managing Director
Sophie Poulter
Legal Counsel
Matt Clark
Marketing Manager
Last.fm Office Locations
Last.fm has an office in London
London, GB (HQ)
211 Old St
Last.fm Data and Metrics
Last.fm Summary
Founding Date | 2002 |
Total Funding | $5 m |
Investors | Index Ventures |
Last.fm is a subsidiary of CBS
Last.fm Financial Metrics
Last.fm's revenue was reported to be £2.9 m in FY, 2015 which is a 31% decrease from the previous period.
| GBP | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 |
|---|---|---|---|---|
Revenue | 6.4 m | 4.9 m | 4.2 m | 2.9 m |
Revenue growth, % | (23%) | (15%) | (31%) | |
Cost of goods sold | 5 m | 2.8 m | 1.2 m | 699.8 k |
Gross profit | 1.4 m | 2.1 m | 3 m | 2.2 m |
Gross profit Margin, % | 22% | 44% | 72% | 76% |
Operating expense total | 5.3 m | 4.3 m | 4.9 m | 3.9 m |
Pre tax profit | (1.8 m) | |||
Net Income | (1.8 m) |
| GBP | FY, 2015 |
|---|---|
Cash | 773.5 k |
Accounts Receivable | 122.2 k |
Current Assets | 1.2 m |
PP&E | 18.1 k |
Total Assets | 1.2 m |
Accounts Payable | 43.3 k |
Current Liabilities | 42.3 m |
Retained Earnings | (1.8 m) |
Total Equity | (41.1 m) |
Financial Leverage | 0 x |
