Member Gains Push Audible

Source: PublishersWeekly Article
An increase of 63,000 new AudibleListener members in the quarter spurred a 38% sales gain at Audible in the third period ended September 30, to $27.6 million. The company finished the quarter with 455,000 members compare to 345,000 members in last year's third quarter. The company reported a net loss in the quarter of $192,000 compared to $2.5 million in last year's third quarter. Although the loss declined, Audible said its bottomline in the period was hurt by the pay-out of an employee profit-sharing expense that was triggered by faster-than-expected EBITDA growth.

Digital Audiobook Poll Results

Poll results are in. 18 total votes were cast.
- 55% have never downloaded a digital audiobook
- 28% have and loved it
- 11% have and liked it
- 8% have and won't again

Digital Audiobook Sales Up in 2006

According to the Audio Publishers Association download sales accounted for 14% of the business in 2006, up from 9% in 2005. The library market continues to be largest sales channel for audiobooks, representing 32% of sales last year, followed by general retail at 30%, emphasizing the growing importance of digital library distributors like Overdrive, NetLibrary, etc. Article