Summary:

Audible’s Multi-Media Subscription Customers Increase 85 Percent: Audible (Nasdaq: ADBL), the subscription-based audio content portal now ha…

Audible’s Multi-Media Subscription Customers Increase 85 Percent: Audible (Nasdaq: ADBL), the subscription-based audio content portal now has 161,000 customers, an increase of 85 percent year over year. Consumer content revenue increased to $2.43 million, compared to $1.14 million the year-ago quarter. Net Losses, decreased to $4.71 million compared to $8.1 million in the year-ago quarter.

In related news, Audible announced that the NASDAQ has approved an application to move the company’s stock listing from the National Market to the Small Cap Market as of Tuesday, August 6, 2002.

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