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(Campaign) Shazam hits 1bn downloads and returns to profitability as ads pay off

News   •   Sep 30, 2016 12:40 EDT

Shazam has hit one billion app downloads and returned to profitability, after expanding beyond basic music recognition into brand advertising.

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(Music Ally) As it passes 1bn downloads ‘Shazam is a profitable entity’

News   •   Sep 29, 2016 13:10 EDT

Shazam has announced a major new milestone: more than 1bn downloads of its app. Just as significantly, though, the mobile music-turned-advertising firm says it has now achieved “EBITDA profitability”.

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(Billboard) Shazam Hits 1 Billion Downloads and Turns a Profit (Thanks to Advertising)

News   •   Sep 29, 2016 13:06 EDT

A business model shift to advertising has helped music discovery company Shazam turn a profit. The London-based firm on Thursday announced that revenue from advertisers has surpassed other sources, including from music partners for its ubiquitous app, to propel it into profitability before interest, tax, depreciation, and amortization.

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(Tech Crunch) Shazam is finally profitable after a billion downloads

News   •   Sep 29, 2016 13:05 EDT

Shazam, the mobile and desktop app that acts as a digital ear and song identifier, crossed the 1 billion download mark recently, according to a report from Billboard on Thursday.

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(The Telegraph) Shazam reaches profitability as it hits one billion downloads

News   •   Sep 29, 2016 12:34 EDT

​Music discovery app Shazam has finally reached profitability after 15 years and a billion-dollar valuation.

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(Forbes) Shazam Has Now Been Downloaded One Billion Times

News   •   Sep 29, 2016 12:26 EDT

Music identifying app Shazam has come a long way since it was first introduced almost a decade ago, and today the company has announced a number of enormous figures and milestones it has reached, all of which go to underline just how powerful and popular the program really is.

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(Bloomberg) Why Shazam's Fisher Sees Brexit as a Good Thing

News   •   Sep 29, 2016 12:18 EDT

Shazam Entertainment Chairman Andrew Fisher discusses with "On the Move" host Guy Johnson the company's fortunes having been downloaded a billion times and how it has benefitted from Britain's vote to leave the European Union.

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(The Wall Street Journal) Music-App Maker Shazam Finally Turns a Profit—But Not From Music

News   •   Sep 29, 2016 12:06 EDT

Most of its revenue comes from advertisers