Spotify has a superlative music service (its Mac and iOS applications are a bit less impressive), so I’m glad to see that they’re making some good money out of their business:

Spotify says it has 12.5 million paying subscribers. If you do some very simple math, you can guesstimate that the company is going to end up doing more than a billion dollars in revenue this year.

Another reason you can feel comfortable guessing that: A year ago, when the music streaming service was smaller, it had already hit the $1 billion mark.