Sales Keep Rising at Audible, While Profits Are Slim Audible’s income continued its sharp rise, hitting $15.3 million in their second quarter, almost double from a year, with income of less than $500,000, or 3 percent of net revenue. The company reports, “As of the end of the second quarter, there are a total of 611,000 total customers who have come to Audible to purchase digital audio content.” Release In other earnings, media giants Time Warner and Viacom both reported quarterly results this week. At each, the book publishing division warrants a sentence or two. At Simon & Schuster, “Publishing’s […]
