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AfterDawn > News > Napster finally sees smaller net loss

Napster finally sees smaller net loss

Written by Andre Yoskowitz @ 02 Nov 2007 18:40 User comments (6)

Napster announced on Thursday that its net loss for the Q2 2007 was smaller than the loss in Q2 2006 because the service posted higher revenue despite a loss in paid subscribers.

For the quarter ended September 30th, the company reported a net loss of $5.1 million USD as compared to $9 million USD for the comparable period last year. Revenue increased 24 percent to $31.6 million USD.

Napster said it ended the quarter down 20,000 subscribers to 750,000 from 770,000 in the first quarter.

Source:
CBC

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6 user comments

12.11.2007 20:59

WierdName

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Hope they don't go under. It's real convenient to use it to download a song then rip the DRM off it.

22.11.2007 21:37

SProdigy

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Originally posted by WierdName:
Hope they don't go under. It's real convenient to use it to download a song then rip the DRM off it.

I definitely agree!

32.11.2007 21:46

jetyi83

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napster is awesome, they just lack marketing skills..

if they can just figure out how to market their concept then it will be unstoppable

42.11.2007 21:57

WierdName

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Senior Member

Originally posted by jetyi83:
napster is awesome, they just lack marketing skills..

if they can just figure out how to market their concept then it will be unstoppable

They could also try to make their library a little bigger. I sometimes find myself having to go somewhere else for a song.

53.11.2007 18:46

7thsinger

Inactive

One word. Marketing. A great product/service is only as great as the marketing that backs it up and gets it out there.

@Weirdname

In total agreement. I like not worrying about the quality or the price, but sometimes finding the song i want is a chore in of itself.

613.11.2007 16:26

borhan9

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AfterDawn Addict

I say keep your chin up it will get better...

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