Why do you say that? Yes they made a loss but they're moving in the right direction. They're going to be launching in the US soon as well.
see here:
The company’s auditors, Ernst & Young, warned in accounts for 2009, filed only last week, of a “material uncertainty which may cast significant doubt about the group’s ability to continue as a going concern”.
Losses at the company outstripped sales last year. Spotify said in the accounts that it had “ambitious growth plans and further funding is currently being negotiated . . . to support these growth plans”. It says it is “confident” it can secure new investment
full article here:
on FT.com "Spotify under pressure over US launch"