Digital audio company Audible (Nasdaq: ADBL) reported its Q2 results today, and its net losses shrunk down to $125K, from $2.18 million losses in the year-ago quarter. Revenues came in at $25.94 million, up from $19.14 million in the year-ago quarter. During the quarter, approximately 56K new subscription members were acquired (a decrease from the 65K in Q2 last year), for a total of 431K, an increase compared to 309K at the end of Q206 and 415K at the end of Q107.
Release | Webcast.
Updated: From the conference call: Audible is investing $1 million in German branch over the next year. In U.K., its operation doubled revenue year over year and hit profitability, excluding additive iTunes U.K. revenue, after two years of operation.Overall revenues through Apple iTunes sales are 29 percent of total revenues.
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