Audible.com multiplies earnings in Q2 2005

Alexander Turcic · 08-04-2005, 06:31 PM

Audiobook retailer Audible reported today second-quarter net earnings of $823,869, or 3 cents a share, vs. $236,585, or a penny a share, in the year-ago period. Revenue rose to $15.3 million from $8.1 million last year. Total customers totaled 611,000, representing a 61% increase year-to-year. From the press release:

"Q2 was another incredible success for us, as revenue and customer counts continued on their upward swing," stated Donald Katz, chairman and CEO of Audible. "And we believe this is just the beginning. As we continue to invest in new growth initiatives, build out our distribution and escalate our customer focus, we expect there to be even greater things ahead."

You can click here to listen to the archieved conference call of today. Although nothing negative was mentioned to trigger a fall, Audible stock dropped over 4% in the after hours.

gadgetguru · 08-06-2005, 02:54 PM

I was thinking whether the podcasting revolution will hurt Audible or not...on one hand, it will change user habits to heard their news/stories instead of reading them but then with so much free podcast on the net, many would not need Audible for their daily fix...

08-04-2005, 06:31 PM	#1
Alexander Turcic Fully Converged Posts: 18,170 Karma: 14021202 Join Date: Oct 2002 Location: Switzerland Device: Too many to count here.	Audible.com multiplies earnings in Q2 2005 Audiobook retailer Audible reported today second-quarter net earnings of $823,869, or 3 cents a share, vs. $236,585, or a penny a share, in the year-ago period. Revenue rose to $15.3 million from $8.1 million last year. Total customers totaled 611,000, representing a 61% increase year-to-year. From the press release: "Q2 was another incredible success for us, as revenue and customer counts continued on their upward swing," stated Donald Katz, chairman and CEO of Audible. "And we believe this is just the beginning. As we continue to invest in new growth initiatives, build out our distribution and escalate our customer focus, we expect there to be even greater things ahead." You can click here to listen to the archieved conference call of today. Although nothing negative was mentioned to trigger a fall, Audible stock dropped over 4% in the after hours.

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08-06-2005, 02:54 PM	#2
gadgetguru Addict Posts: 214 Karma: 6370 Join Date: May 2003 Location: Asia Device: Tungsten T5	I was thinking whether the podcasting revolution will hurt Audible or not...on one hand, it will change user habits to heard their news/stories instead of reading them but then with so much free podcast on the net, many would not need Audible for their daily fix...

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