Spoon Radio reaches $41 million in revenue in 2019; targeting $100 million in 2020

February 18, 2020 by in category News with 0 and 0

Spoon Radio reaches $41 million in revenue in 2019; targeting $100 million in 2020

Feb 17, 2020, Jeon Jinju, Korea Tech Desk

Korea’s live audio streaming platform Spoon is rising in global outreach and revenue. Neil Choi, the CEO of Spoon Radio Inc. creator of the ‘Spoon Radio’ audio platform, stated in an interview recently that the firm sold $41 million of virtual items in 2019, double the amount sold the previous year.  In 2016, Spoon Radio had virtual item sales of $60 thousand, in 2017 of $2 million, in 2018 of $19 million, and 2019 of $41 million. The firm continues to grow at a rapid pace in 2020.

Following its launch in Korea and Japan, Spoon Radio has rolled out its service in over ten countries and launched in the US last year. Virtual item revenue from overseas markets now exceeds that from Korea. Spoon Radio’s cumulative downloads now exceed 15 million, and MAU is above 2.2 million…

 

For the full story read the Korea Tech Desk article here.

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