Earnings: Napster Q1 Revenue Up 9 Percent, Annual Rev Up 17 Percent

Napster has released its first quarter earnings for the three months ending March 31st. The company hasn’t broken out revenue for its mobile business, but it is a significant part. Revenues for the quarter increased 9 percent year-on-year to $29.1 million, and the net loss almost doubled year-on-year to $8.5 million. For the full year ending March 31st net revenue increased by 17 percent to $111.1 million, and the net loss fell by 33 percent to $36.8 million for the year.

Some mobile deals in the quarter:
— Announced a joint marketing agreement with Motorola, where Napster will be Motorola’s exclusive in-box digital music service partner.
— Announced that it will soon launch the first deployment of its unlimited over-the-air (OTA) music subscription service through Napster Japan.
— Partnered with AT&T to give customers free unlimited access for one year to more than 3 million song tracks through Napster To Go.

Earnings PDF

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