After its acquisition by Apple, Shazam increased its user base by over 78 million users in 2018.
According to the annual report and financial statements submitted to the U.K.’s Companies House, Shazam now has 478 million active users, versus 400 in the previous year.
Apple Music has incorporated features of Shazam into its Shazam Discovery Top 50 chart, which is populated by trending tracks and artist searches using Shazam.
Word first surfaced in December that Apple was close to buying Shazam. It was said that the price was about $401 million — a significant discount from the $1 billion the company was valued at in its last funding round in 2015.
MacDailyNews Take: For fiscal 2018, Shazam reported a profit of £123,953,546 versus a loss of £17,738,130 for fiscal 2017.
And Apple didn’t even complete their acquisition of Shazam until September 21, 2018!
Shazam’s 2018 annual report can be found here.