Andre Yoskowitz
2 Nov 2007 18:40
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