Napster’s Quarterly Report: Losses Narrow, Subscribers Down
Napster narrowed its losses during the most recent quarter, though subscribers declined. The company posted revenues of $25.5 million for its fiscal, second quarter ending September 30th, an increase of 9 percent over year-ago figures. That helped to alleviate quarterly losses, which shrunk 33.8 percent to $9.0 million, or $0.21 per basic and diluted share. In May of this year, Napster unveiled its web-based, advertiser-supported...
Sirius Announces Quarterly Results: Subscriber Gains – Big Losses
Sirius Satellite Radio showed strong revenue and subscriber gains during the recent third quarter, but suffered big losses. Year-over-year revenues jumped 150 percent to reach $167.1 million. Sirius reported a tally of 5,119,308 subscribers, a jump of nearly three million compared to a year ago. Meanwhile, rival XM Satellite Radio recently reached a subscriber level of 7,185,873, though Sirius is steadily narrowing the gap. During the...
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