Spotify a November 2012 report suggested strong momentum for the company. In 2011, it reported a near US$60 million net loss from revenue of $244 million, while it was expected to generate a net loss of $40 million from revenue of $500 million in 2012. Another source of income was music purchases from within the app. This service was removed in January 2013. In May 2016, Spotify announced "Sponsored Playlists", a monetisation opportunity in which brands are able to specify the audiences they have in mind, with Spotify matching the marketer with suitable music in a playlist. That September, Spotify announced
Slacker Radio in favor of a new, streamlined design and a simplified logo, now colored orange (as opposed to the black, white and gold colors of the old logo). On 14 December 2014, a redesign and relaunch incorporated a new logo, a red, white, and black color scheme, and a complete UI overhaul for all platforms. Slacker offers traditional genre, specialty, and artist stations pre-programmed by professional DJs while also letting users build entire stations of specific artists. Slacker users can continue to develop any of these stations by rating favorite songs and banning artists or songs. Slacker also allows subscribers to