Last.fm recorded a loss of £2.1 million ($3.4 million) in 2013, as revenues slumped by more than 20 percent year-on-year from £6.4 million ($10.3 million) to £4.9 million ($7.9 million). In line with the fall in sales, staff numbers at the CBS-owned, London-based company fell from 61 to 35 over the same period, with the majority of staff redundancies coming from technical roles.
According to the company's latest set of financial results, published by Companies House, advertising revenues generated by the music service last year fell to £3.5 million ($5.7 million), down from £4.3 million ($7.0 million) in 2012. Subscription revenues also dropped to £1.1 million ($1.8 million) in 2013, down from £1.6 million ($2.6 million) in 2012.
While Last.fm's parent company, CBS Corporation, will undoubtedly be concerned at the company's £2.1 million annual loss and slump in revenues, the 2013 figures still represent an improvement on the previous year's financial statement when the company posted a loss of £3.9 million ($6.3 million).
Nooo. Basically it's been downward steeply in profit for a while now, and almost half the staff was cut.
Someone technical better make a rip-off site if it ends where I can transfer everything. I NEED to know my music habits.
NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO NO
The 2013 figures still represent an improvement on the previous year's financial statement when the company posted a loss of £3.9 million ($6.3 million).
Last.fm has been basic as **** since like 2008 so it's no surprise. There has been literally no attempt at progression in years. I swear the site design and features have stayed more or less the same since I first stumbled upon it it years ago.
Basically it's been downward steeply in profit for a while now, and almost half the staff was cut.
Someone buy me a subscription to help them pay the bills!
All my amazing, informative, underrated sites are diminishing. 
