RadioIO Parent Sees Bubba-Fueled Revenue Jump In Second Quarter
August 18, 2011 at 3:57 AM (PT)
IO WORLD MEDIA, owner of the RADIOIO streaming service, saw second quarter revenue jump from $191,544 to $473,321, narrowing its net loss from $274,323 to $197,774. The increase included pro rata revenue from the addition of BUBBA THE LOVE SPONGE's show and its BUBBA's Army Early Enlistment Program.
"We are pleased with our results from operations in the second quarter as we continue to experience growth and see significant increases in revenue from all of our business units which is helping the company build a sound and balanced operating foundation," said CE THOMAS BEAN. "Further, with the elimination of non-reoccurring expenses, we continue to move closer to profitability and see both our short-term and long-term plans reaching fruition."