Monday, August 08, 2005

Audible discusses Podcasting (ADBL 2Q05 conf call quotes)

Audible (ticker: ADBL) derived 14% of its Q2 revenue from Apple's iTunes Music Store, the same percentage as in Q1. Despite that lack of growth, CEO Donald Katz was optimistic about the impact on Audible's sales from Apple's embrace of free podcasts. His comments about podcasts on Audible's Q2 conference call are interesting, particularly in light of the longer-term risks to Audible from Apple and podcasts. Excerpts:   

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Posted by David Jackson on August 8, 2005 at 03:38 AM in Conf call quotes, Sub-sector: Advertising, Sub-sector: Content, ticker: AAPL, ticker: ADBL | Permalink | Comments (1) | TrackBack (0)

Tuesday, July 05, 2005

Is Apple's embrace of Podcasting a threat to Audible? (ADBL)

Randall Stross' article in the NY Times, The Battle for Eardrums Begins With Podcasts (free subscription required), raises questions about Audible's (ticker: ADBL) competitive position. Summary and analysis:

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Posted by David Jackson on July 5, 2005 at 02:09 PM in Sub-sector: Content, ticker: AAPL, ticker: ADBL | Permalink | Comments (0) | TrackBack (0)

Tuesday, June 28, 2005

S&P's top Internet stock pick is Audible.com (ADBL)

Audible.com (ticker: ADBL) was S&P's "stock of the week" last week. Here's an extended extract from analyst Scott Kessler's note (with permission):

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Posted by David Jackson on June 28, 2005 at 12:43 AM in Sub-sector: Content, ticker: ADBL | Permalink | Comments (0) | TrackBack (0)

Wednesday, February 16, 2005

Audible (ADBL) on bloggers, Podcasting, The Long Tail and wireless (quotes from the conf call)

Audible CEO Donald Katz outlined the expansion initiatives that will reduce Audible's earnings and cash flow in 2005 and which consequently crushed his stock this evening in late trading. Geographical expansion will startwith the U.K. and sector expansion with the education market. But his most interesting remarks were about distributing Audible content wirelessly (cell phones and car audio), and becoming a distribution channel for bloggers and Podcasters.

He might not have judged the stock impact correctly, but he certainly gets The Long Tail:

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Posted by David Jackson on February 16, 2005 at 12:07 AM in Conf call quotes, Sub-sector: Content, ticker: ADBL | Permalink | Comments (3) | TrackBack (1)

Tuesday, February 15, 2005

Audible (ADBL) crushed in late trading off expansion plans (4Q04 earnings)

Audible (ticker: ADBL) reported Q4 EPS that beat consensus by $0.03 and revenue growth that narrowly missed consensus. Expansion plans for Q2 will cut profits and free cash flow, and sliced the stock by 33% in late trading. Details:

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Posted by David Jackson on February 15, 2005 at 11:58 PM in Earnings results, Sub-sector: Content, ticker: ADBL | Permalink | Comments (0) | TrackBack (0)

Monday, February 14, 2005

Audible (ADBL) BBC deal good, but not clear how good

Audible (ticker: ADBL) announced that it has signed an agreement to distribute audiobooks from the BBC. This is a positive for Audible, but the press release contained a crucial ambiguity.

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Posted by David Jackson on February 14, 2005 at 01:21 PM in Sub-sector: Content, ticker: ADBL, ticker: NAPS | Permalink | Comments (0) | TrackBack (0)

Wednesday, February 09, 2005

Audible (ADBL) under threat?

A comment on Napster's Q4 results conference call should make Audible investors think carefully:

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Posted by David Jackson on February 9, 2005 at 10:13 PM in Sub-sector: Content, ticker: ADBL, ticker: NAPS | Permalink | Comments (1) | TrackBack (0)