Napster is coughing up tons of cash in marketing and advertising program in its third quarter and is ready to bear the loss for a greener prospect.
Napster’s revenue has increased ninety four per cent in the recent years and reached to $23.5m. The same as revenue, however, the net loss also grew to $17m from last year’s third quarter profit of $12.8m.
Chris Gorog, Napster’s CEO says
Napster had a strong third quarter, adding substantially to our premium subscriber base which now totals in excess of 500,000 We have grown our premium subscribers 110% year over year confirming strong demand for Napster’s subscription product