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Second Quarter

Napster Parent Roxio Ups Revenue Forecast for Second Quarter

Authored by Mark Hefflinger on September 20, 2004 - 3:57am.
Santa Clara, Calif. -- Roxio, a provider of CD burning software and parent company of Napster, announced on Monday that it expects to exceed its prior revenue predictions for both of its businesses for the second quarter. The company said it expects Napster to report $9 million in revenues, up from a prior estimate of $8 million, while Roxio will report revenues of $18 million, up from $17 million; Roxio also expects its loss for the quarter to be narrower than analyst forecasts. "The strength of Napster's results reflects increasing traction in the online music market and a favorable mix toward subscribers," said Napster chairman and CEO Chris Gorog. "We are excited by numerous near-term business catalysts for Napster including the upcoming consumer launch of, and device support for, the 'Napster To Go' portable subscription service, along with the full implementation of our partnership with Best Buy." Santa Clara, Calif.-based Roxio previously announced the sale of its Roxio CD burning software unit to Sonic Solutions, a deal the company says is slated to close in the fourth quarter.
tags: Second Quarter | Roxio | Napster Parent | Revenue Forecast | Ups |

Report: U.S. Broadband Adoption Slows During Second Quarter

Authored by Mark Hefflinger on August 17, 2004 - 2:40am.
Durham, N.H. -- Broadband adoption in the U.S. slowed to its lowest growth rate in a year during the second quarter of 2004, when leading DSL and cable broadband providers added only 1.7 million net new subscribers, according to data from New Hampshire-based market research firm Leichtman Research Group (LRG). Top DSL providers for the first quarter ever outpaced cable growth, adding 900,000 subscribers, although top cable providers maintain a 6.4 million subscriber advantage over DSL and a 61% overall market share. The U.S. now counts a total of 29 million broadband subscribers. "In the past year the top cable and DSL providers have combined to add over 8 million net new broadband subscribers," said LRG president Bruce Leichtman. "While the results from this quarter should not necessarily be interpreted as the beginning of a slowdown, broadband providers clearly need to focus on retaining the customers they already have in addition to acquiring new ones."
tags: Broadband | Reports | U.S | Second Quarter |

Report: Online Advertising in U.K. Grows in Second Quarter

Authored by Mark Hefflinger on December 16, 2003 - 4:56am.
London -- According to a new survey conducted by the Interactive Advertising Bureau (IAB), online advertising in the U.K. grew by a whopping 85% in the first half of 2003, remarkable news especially when considering that the global market has been in a slump for three years running. Spending on Web ads in the first half grew to more than $264 million, IAB said. The largest online advertising market in Europe now looks certain to break through the $525 million milestone for a full year, a $175 million increase compared to 2002.
tags: Internet | Report | U.K | Second Quarter |