May 12, 2005, 12:00 AM

Napster’s Q4 revenue rises 188% from a year ago

Napster’s fourth-quarter net revenue rose 188% to $17.4 million year-over-year, as full-year net revenue rose nearly fourfold to $46.7 million, the provider of digital music services said.

 

Net revenue at Napster Inc. rose 188% to $17.4 million for the fourth quarter ended March 31, as full-year revenue rose nearly fourfold to $46.7 million from $12 million, the provider of digital music services said.

Napster’s revenue figures refer only to its continuing operations, comprised of its digital music services and related products but excluding its music software business, which it sold in December. Napster formerly operated as Roxio Inc.

Napster said net loss from continuing operations for the year ended March 31 widened to $51.4 million from $46.4 million in the prior year. It said sales and marketing expenses more then doubled to $39.2 million for the year ended March 31, from $12 million the prior year.

Napster said as of March 31 it had 412,000 subscribers.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Jacques van der Wilt / E-Commerce

How to quickly improve your ROI on Google Shopping

Don’t just track category ROI. Look at ROI by product to maximize profits. Just one ...

FPO

Adrien Henni / E-Commerce

Alibaba tops e-commerce sites in Russia as well as China

AliExpress, the Alibaba site that lets international shoppers buy from Chinese merchants, leads in traffic ...

Advertisement