MySpace revenue is growing at 200% per year

This year, MySpace’s social media revenue from advertising will increase by 201.1% year-on-year to $ 271 million. In addition, according to experts at Merrill Lynch, Fox Interactive Media, for which MySpace is the largest “cash cow” , in 2008 it will show a profit of about $ 208 million.

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

via paidcontent.org