Digital Music Group, the online music distributor which had an IPO last month, has reported its first earnings as a public company.
It has revenue of $0.6 million in Q4, compared to $49,000 for Q4 of 2004 — when the company was starting its digital music operation. Q4 net loss was $402,000, compared to a net loss of $467,000 in the year-ago quarter.
The company said there were 873,500 paid downloads (with albums expressed in single track equivalents) of DMGI’s music recordings during Q4 2005, compared to 76,800 during Q4 2004. Apple iTunes accounted for 86% and 92% of its combined revenue for the Q4 of 2005 and 2004, respectively.
DMGI also distributes on MSN Music, RealNetworks, Napster, Wal-Mart Music and Yahoo Music.
Related:
– Digital Music Group’s Shares Decline on Market Debut; Then Recover
– Digital Music Firm Files For IPO
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