Napster has announced that it expects to report financial results that are ahead of the Companys prior guidance for the fourth fiscal quarter ended 31st March 2006, the results will be anounced on Wednesday 17th May 2006.
Napster expects to report fiscal fourth quarter revenue in excess of $26 million, a substantially narrower net loss than
originally projected, and a cash and short-term investments balance in excess of $103 million. Napster posted strong subscriber growth in the fiscal fourth quarter resulting in a total subscriber base in excess of 600,000 users worldwide.
Based on the expected revenues for the quarter, Napster will post revenue growth of approximately 100% year-over year.
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