PITTSBURGH--()--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.
“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”
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.
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