Shazam’s Matching Algorithm Can’t Identify Any Money

Shazam’s just-filed annual summary (source: UK Companies House)
Despite a monstrous 120 million app installs, 20 million requests daily, a leading position in music recognition, and approximately $150 million in investor financing, Shazam Entertainment is still hemorrhaging cash.
According to paperwork just filed with the UK Companies House, Shazam counted $55.5 million (£36 million) in revenue for the most recent fiscal year, but $22.8 million (£14.9 million) in annual l