Napster Really, Really Betting On Mobile

Associated Press has reported on Napster‘s Q3 results (until end of Sept)…the company “reported a net loss of $9 million, or 21 cents per share, for the fiscal quarter ended Sept. 30…That compared to a loss of $13.6 million, or 32 cents per share, during the same period a year ago…Net revenue for the most recent quarter was $25.5 million, up 9 percent from $23.4 million last year.”
Napster Chairman and CEO Chris Gorog said that Napster’s music business should grow with its mobile music business, which should grow with an increasing number of music-capable phones on the market.
It would be difficult to overestimate how important we believe the Windows Media Audio music phone ecosystems will be to catalyzing the growth of our business,” Gorog told analysts.
The mobile music business will grow, although whether Napster will benefit enough from that to turn a profit is another question. Staci at PaidContent notes that the deals Napster has made with DoCoMo and Cingular “make Napster available to more than 100 million mobile customers”, although how many of those have music-capable handsets and use the service isn’t detailed.

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