Myspace is bringing home the bacon
This is from Fred, and I suspect we have a lot of shared readers, so sorry for the duplication, but I wanted to record this here for posterity.
- Fox Interactive reports $550M in revenue for the year, 10% above budget
- $183M in fiscal Q4 with $30M operating income
- Murdoch says MySpace is “on track” to pull in $800M in 2008
I have heard that Facebook, which has only started monetizing, is north of a $150M revenue run rate.
As I’ve said before this is a big deal for all of us. As Myspace continues to prove it can drive revenues the future looks less risky for other ad-funded consumer internet based startups and their value rises.
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