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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.