Shazam financials show revenue growth flattened in 2017 ahead of Apple acquisition
Posted on: 26 septembre 2018, by : Stuart Dredge

Apple completed its acquisition of music-identification app Shazam this week, but now the latter company has published its latest (and likely final) set of public financial results, via the UK’s Companies House.
They reveal Shazam’s figures for the 2017 calendar year, with the company having accepted Apple’s acquisition offer on 10 December that year.
What do the financials show? Shazam was reaching more than 400 million annual active users in 2017, up from 300 million the year before. However, Shazam’s growth in revenues flattened out in 2017: it generated turnover of £40.8m (around $53.7m), up just 1.4% year-on-year, compared to the 14.5% growth that Shazam recorded in 2016.
The post Shazam financials show revenue growth flattened in 2017 ahead of Apple acquisition appeared first on Music Ally.
Source: Music ally

Related Posts

Aller à la barre d’outils