MySpace revenues grow by 200% per year

This year, the revenue of the MySpace social resource from advertising will increase by 201.1% compared to last year and amount to $ 271 million. In addition, according to forecasts of the research company Merrill Lynch, Fox Interactive Media, for which MySpace is the largest cash cow. , in 2008, will show a profit of about $ 208 million.

The social site MySpace, initially positioned as a youth site, is starting to grow into an adult audience: about 41% of its users are people over 35 years old.

via paidcontent.org