Earnings: Audible’s Revenues Increase; Profits Flat Sequentially; Mobile Service To Launch This Mont

Audible, the digital spoken audio company, has reported higher revenues in its Q2 results: its Q2 revenues were $15.3 million, up 90% year over year and up 19% quarter over quarter; and net income after taxes of $0.82 million, almost flat from $0.9 milion in Q1 this year, but up from $0.23 million in the year-ago quarter.

Total customers acquired during Q2 reached 72,300, representing growth of 105% year over year. Its subscriptions service AudibleListener acquired 54,100 new customers, representing growth of 121% year over year. Total customers totaled 611,000, a 61% increase over 379,000 in Q2-04.

Earnings conference call: CEO Don Katz: Audible on iTunes: lower gross margins but still profitable. Total revenues were $1.9 million or 13 percent of total. The revenues were driven down due to technical issues, which have now been resolved.

For Q2, the company did 27 deals, out of which 70 percent are exclusive. In general, among all content deals, 60 percent of them are exclusive.

The company will be increasing spend on tech infrastructure, as the site has been slow on certain popular download content, the company said.

Churn increased from 4 percent to 5 percent.

Audible Air will launch in beta this month…an automatic wireless download service.

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