MySpace to Hit $1 billion in Revenue by 2008

February 11th, 2007

Andy Lark has just posted that Rupert Murdoch told the Digital Hollywood conference in New York last week about MySpace:

“It’s extraordinary, the advertising has gone from basically nothing to, on a net basis, $25 million a month and growing every month - almost 30 per cent every quarter,”

He added:

“Next year we’ll be kicking in with search revenue from Google so together with IGN, we’ll be getting close to a billion dollars of revenue.”

MySpace is huge, you have to be looking at this as a marketing option, especially if you are targeting the 15-25 demographic.

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