Feeds

Napster bullish on user engagement

Investors bearish on Napster sales

Boost IT visibility and business value

Napster continues to bumble along as one of those curious technology oddities haunting the NASDAQ exchange.

The tethered download king posted revenue of $30.3m during its first quarter - an unhealthy drop from the $32.3m posted in the same period last year. Thanks to higher expenses, Napster also posted a wider net loss, hitting $4.38m in this year's Q1 versus $4.24m in last year's.

As always, the company was impressed with its ineptitude.

"We are pleased to begin to see the positive impacts from both the launch of our new MP3 store and the expansion of Napster Mobile," said Napster CEO Chris Gorog. "The introduction of MP3’s into our line-up has created positive trends for Napster with increases to visitation and user engagement."

That MP3 bit refers to Napster's decision in May to begin selling DRM-free tunes alongside its tethered music subscription service.

A novel idea, we know.

Despite Gorog's good cheer, investors continue to maintain a "Is this company still flopping around?" rating on Napster. Shares in NAPS tumbled 10 per cent, at the time of this report, to $1.35. ®

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?