British music capturing and discovery company Shazam grew its revenues by 42% in its last financial year to total £31.02 million ($51.6 million), up from £21.8 million ($36.3 million) the previous year.
Pre-tax losses totaled £1.3 million ($2.2 million) compared to £3.0 million ($5 million) the previous year, according to figures filed at London’s Companies House for the financial year ended 30 June 2013.
Shazam is currently available in over 200 countries, across 33 languages, and claims to have 375 million users worldwide. Since forming in 2000, the London-based company says that it has surpassed 12 billion tags in total with more than 35 million music tracks in its database. Having expanded to include TV and branded content, Shazam currently generates more than 15 million requests, on average, per day.