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

JoJo Rowden / Mobile Commerce

Wearable fashion: Hot or not?

The potential for wearable fashion is endless and exciting. But brands promoting these web-connected wearables ...

FPO

Thom O'Leary / E-Commerce

Keep success from killing your web store: a replatforming guide

A specialist in helping online retailers upgrade their e-commerce software, has a surprising word of ...

Advertisement