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Napster's Revenue Grows 30% Sequentially to $12.1 Million ... |
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Wednesday, 09 February 2005 |
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Napster's Revenue Grows 30% Sequentially to $12.1 Million ...
mysan.de (Pressemitteilung) -
Heidelberg,Germany
LOS ANGELES, Feb. 9 /PRNewswire-FirstCall/ -- Napster , the biggest brand in
digital music, today reported financial results for its third quarter ended
December 31, 2004.
"This week will be remembered as a landmark turning point in online music with
our successful launch of Napster To Go, the world’s first portable subscription
service, with the support of leading MP3 manufacturers including Creative, Dell,
iRiver and Samsung," said Chris Gorog, Napster’s Chairman and CEO. "Napster had
a very strong third quarter as revenue grew 30 percent sequentially, our
subscribers grew by 50 percent sequentially, subscriber revenue was 73 percent
and margins continued to improve. We are forecasting another quarter of strong
sequential growth and are raising our fiscal 2005 guidance to approximately $43
million."
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Last Updated ( Tuesday, 01 March 2005 )
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