Music-App Maker Shazam Finally Turns a Profit—But Not From Music

Shazam, which counts hundreds of millions of active users and an app that is been downloaded 1 billion times, is earning most of its revenue from advertisers, who pay to use Shazam’s image-recognition and sound-recognition technology in their marketing campaigns.

Source: Music-App Maker Shazam Finally Turns a Profit—But Not From Music – WSJ