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Sirius Posts Wider Loss Despite Strong Subscriber Growth

Authored by Mark Hefflinger on February 17, 2006 - 7:28am.
New York - Sirius Satellite Radio, a provider of subscription radio programming, on Friday posted a bigger loss than expected, citing promotional costs for the launch of Howard Stern's show, while expanding its subscriber base at a faster pace last quarter than rival XM. Sirius posted a fourth quarter loss of $311.4 million, while its revenue tripled, to $80 million. The company ended the year with 3.3 million subscribers, and projects it will count 6 million by the end of 2006; the 1.14 million subscribers it added in the fourth quarter outpaced rival XM's 898,000 new subscribers. For Sirius, subscriber acquisition costs in the fourth quarter were $113, compared with $89 for XM. Shares of XM fell yesterday, after the company reported higher losses and the resignation of board member Pierce Roberts Jr., who voiced concerns the company was spending too much to attract subscribers.
tags: Sirius | Subscriber | Loss | Despite | Growth |

Napster Sees Strong Subscriber Growth, Raises Revenue Guidance

Authored by Mark Hefflinger on April 5, 2005 - 4:17am.
Los Angeles -- Napster announced on Tuesday that strong subscriber growth and download sales have compelled it to raise fourth-quarter revenue projections, causing shares to rise nearly 10% on Tuesday. Napster added 143,000 subscribers in the fourth quarter, including 56,000 at colleges and universities, to reach 410,000 -- representing growth of more than 53% over third quarter totals. The company now forecasts revenue of between $16.5 million and $17.5 million for its fiscal fourth quarter, up from a prior projection of $15 million. That figure itself was raised in March, from an earlier estimate of $14 million. "Our innovative Napster To Go marketing campaign has lead to a very strong increase in consumer awareness as music fans are 'doing the math' and discovering the incredible value and excitement of a Napster subscription," said CEO Chris Gorog. "We were also delighted to see that our new Napster To Go subscribers exhibited a strong appetite for purchasing pay-per-download music as well and are therefore raising our sales guidance for the quarter."
tags: VC | Subscriptions | Napster | Growth | Revenue Guidance |

Report: Kids Ages 2-11 Lead Growth in Web Page Views

Authored by Mark Hefflinger on November 22, 2004 - 4:35am.
New York -- Web pages viewed by kids ages 2-11 grew more than any other demographic group last month, according to a new report from Nielsen/NetRatings, a provider of Internet audience measurement services. The average number of web pages viewed by kids in the age group increased to 264 in October, up 36% from the year before and more than 100% since October 2002. "While kids are not necessarily spending more time online, they are digesting more content at a faster pace," said Charles Buchwalter, the vice president of analytics for Nielsen//NetRatings. Web users on average viewed 911 pages during the month. In October, there were 12.8 million kids connected to the Internet.
tags: Reports | Websites | Growth | Kids Ages |

Report: U.S. Ad Market Continues Rebound; 'Net Ads Outpace Overall Growth

Authored by Mark Hefflinger on December 9, 2003 - 6:16am.
New York -- The U.S. advertising market totaled $89.6 billion during the first three quarters of 2003 -- a 7% increase over the same period in 2002 -- with Internet advertising showing an even greater 13.8% growth rate for the period, according to data released on Tuesday by New York-based analyst firm TNS Media Intelligence/CMR. Total Internet advertising for the first three quarters of 2003 totaled $4.74 billion, up from $4.2 billion for the same period in 2002. Internet advertising growth outpaced the overall broadcast (4.5%) and print (9.1%) advertising sectors, but could not keep pace with growth in either cable TV (17%) or Spanish language TV (18.3%) advertising sectors for 2003. "The consistent increase in spending this year speaks to the overall health of the ad market," said TNS Media Intelligence/CMR president and CEO Steven Fredericks.
tags: Reports | U.S | Growth | Rebound | Outpace |