Online audio content provider Audible narrowed its Q1 losses, due to increased sales, the company said in its earnings today. Losses totaled $1.2 million compared with a loss of $3 million in the year-ago quarter. Revenues increased 28 percent to $25.3 million from $19.7 million in the year-ago quarter. The growth in new subscription members decreased year-over-year, as it added 71,874 members in the period, compared with 79,000 last year (which it says are higher paying this year). Earnings release. Archived webcast.
From the earnings call transcript:
— Apple sales represented 31 percent of total revenue, up from 27 percent in the Q4.
— Our new member acquisition cost fell to an all-time low of $41 per member, down from a SAC of $49 per member last quarter.
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