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Old 08-04-2005, 06:31 PM   #1
Alexander Turcic
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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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Old 08-06-2005, 02:54 PM   #2
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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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