Feeds

Napster bullish on user engagement

Investors bearish on Napster sales

3 Big data security analytics techniques

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. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'
Twenty-nine years later, post-Pepsi exec has flat-forehead moment
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.