Napster financials show its net losses more than halved in 2016


Streaming service Napster saw its revenues rise by just 3% in 2016, but it managed to cut its net loss for the year by more than half.

The figures are revealed in a recent financial filing by RealNetworks, which continues to own a stake in Napster’s parent company Rhapsody – to avoid confusion, this story refers to Rhapsody as the company.

The filing reveals that Rhapsody’s revenues rose from $202m in 2015 to $208.1m in 2016, while its annual net losses shrank from $35.5m to $14.9m in the same period.

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Stuart Dredge

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