MySpace Growth Slows, Revenue Grows

According to Peter Kafka, MySpace has been seeing a slow down in growth on a year-over-year basis. That’s not really a secret though considering the most recent traffic data from comscore as well as taking a look at charts of MySpace via Compete.com and Alexa. While Facebook continues to rise as the most dominant social network, MySpace growth has come to a halt but revenue isn’t too shabby.

According to Peter Kafka, the company will generate an EBITDA (earnings before interest, depreciation, taxes and amortization) of $155 million this year on revenue of near $650 million.

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