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Napster Loses $17 Million In Q4 Despite Subscription Gains
February 9, 2006 at 4:21 PM (PT)
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NAPSTER reported a Q4 loss of 40 cents per share today on a net loss of $17.0 million, despite showing a 110% increase in subscriber growth in the fourth quarter versus that same period a year ago. Analysts had predicted a 61 cent per-share loss, on average, so the relative good news saw shares in the company rise nearly 4% in after-hours trading. Subscriber revenue now accounts for 86% of the company's overall revenue.

