March 4, 2005, 12:00 AM

Napster raises Q4 revenue expectations

Napster is coming off a great year, the company reported this week, raising its expectations for fourth quarter revenue to $15 million from the previously expected $14 million. Its FY Q4 will end March 31.

Kurt Peters

Executive Editor

Napster is coming off a great year, the company reported this week, raising its expectations for fourth quarter revenue to $15 million from the previously expected $14 million. Its FY Q4 will end March 31.

"We are raising our guidance based on robust growth in our subscription service," said Chris Gorog, Napster`s chairman and CEO. "Since the launch of Napster To Go, we have experienced exceptional demand for all aspects of our business. Our new marketing campaign is already delivering strong returns by generating unprecedented interest in both our regular and portable music subscription offerings.”

Gorog also says that positive consumer reaction to MP3 players compatible with Napster content from iriver, Creative and Dell is also fueling demand. “For example, within hours of launching a Napster To Go promotion with iriver, we sold out of the bundles and added a significant number of new, year-long subscribers,” Gorog said. “We are confident that interest in our portable subscription service will further increase as consumers learn that for about the price of one CD per month, they have unlimited ability to fill and refill their MP3 players with their choice of more than one million songs."

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