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7digital posts 2016 financial results

7digital has published its 2016 financials, which showed continued income growth for the B2B music provider. The company’s revenue was up 15% from the previous year, reaching £11.9 million. Net losses declined from £7.9 million to £5.3 million. 7digital announced that it delivered 228 million music streams to more than 16 million listeners.

The company acquired music provider 24-7 earlier this year, and also bought radio aggregator FlowRadio in April. A recently announced partnership has 7digital powering high-resolution music streamer HDmusicStream.

7digital is also in a development partnership with SoundHound.

 

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Anna Washenko

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