Sees Continued Growth in Podcasting and Network Stats
PITTSBURGH--(BUSINESS WIRE)-- FAB Universal (NYSE MKT: FU) the world’s leading podcast network, today announced it had reached, through its Libsyn podcasting platform, an all time high of 25 million unique monthly audience members in September.
FAB Universal’s podcasting business, Libsyn, reached a second milestone in the third quarter, 2012, realizing a 98% increase in average weekly signups vs. the same period for 2011. Average weekly client account revenues increased 88% and overall weekly sign-ups in 2012 have increased by 70%.
Substantial growth in podcast download requests has continued with the third quarter showing a 14% increase over the second quarter of 2012 and 29% growth over the same period in 2011.
“We are excited by the continued growth and validation of our efforts to expand reoccurring revenues through hosting and monetization with our Facebook Timeline App, social media integration, Premium Content Subscriptions, iPhone Apps and world-class audience analytics which provide value to our podcast clients and their audiences,” said Laurie Sims, President, FAB Universal. “Third quarter results show that podcasting represents significant opportunities for revenue and audience expansion. We continue to exceed previous milestones with 25 million uniques, increasing customer acquisitions, and strong growth in revenue and download requests. With the popularity of podcasting on the rise, Libsyn remains the premier podcast distribution and monetization platform.”
About FAB Universal Corp.:
FAB Universal Corp. is a global leader in digital media entertainment sales and distribution. FAB delivers media to its customers worldwide through Intelligent Kiosks, Retail Stores and Franchises, and online through Apple iTunes and Google Android. We distribute billions of movie, music, podcast, TV show and other digital files to consumers in 240 countries through three business units: Digital Media Services, Retail Media Sales and Wholesale Media Distribution. Sales of digital media are generated through the kiosks networks, subscription sales for mobile devices, smartphone Apps and Netflix-like subscription models. In 2011, we distributed billions of downloads of copyrighted music, video games, ringtones, ebooks, movies and podcasts to over 50 million people worldwide through iPods, iPhones, iPads, iTunes, Blackberrys, Windows Phones, Androids and many other devices and destinations. We are a publicly held, Pittsburgh based company with thousands of shareholders and a world-class team. Visit us on the web at www.fabuniversal.com, email us at firstname.lastname@example.org.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking Statements" as defined in the Private Securities litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies and acts of terror against the United States.
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Source: FAB Universal Corp.