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How Much Revenue Does MySpace Generate Each Month?

Barron's points to Pali Research analyst Richard Greenfield's recent research notes on News Corp to give us the answer:

Quote:
MySpace is now generating in excess of $30 million a month in revenue, with about $24 million in domestic revenue and $6 million internationally. He adds that monthly revenues should more than double over the next 12 months, and “at very high incremental revenue margins.” So in 12 months, he’s saying, MySpace should be doing more than $60 million a month in revenue, for an annual run rate in the neighborhood of $750 million a year.

Wow…$30 Million a month. How much do they give their members?

Zero, Zilch, Nada...Lolz.. Not a single Penny?...Not a single Penny dudes!

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