Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Technology»Computer & Software»StreamTrack Reports Record Net Revenues and Milestones

    StreamTrack Reports Record Net Revenues and Milestones

    Computer & Software By Brian JohnsonJan 8, 2014No Comments4 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    SANTA BARBARA, CA–(Marketwired – Jan 8, 2014) – StreamTrack, Inc. (OTCQB: STTK) (“StreamTrack” or the “Company”), a digital media and technology services company operating within the internet radio and streaming media sectors, today announced the Company recorded record net revenues for the months of November and December 2013. StreamTrack has also gained positive EBITDA in November for the first time. Positive EBITDA was also achieved in December.

    The following is a summary of our 2013 achievements:

    • 5,329 active radio stations as of 12/31/13, compared to 1,259 active stations as of 12/31/12, a year over year increase of over 400%.
    • 9.3 cents revenue per listening hour in calendar year 2013 compared to 7.7 in 2012, a year over year increase of over 20%.
    • 9,995,382 U.S.-based hours streamed in calendar year 2013 compared to 8,731,071 in calendar year 2012, a year over year increase of 15%.
    • 134,500 registered members as of 12/31/13 compared to 100,500 registered members as of 12/31/12, a year over year increase of over 33%.
    • 365 million songs as of 12/31/13 played since Radioloyalty commercial launch in May 2011.
    • 6.3 million song “likes” shared through social media as of 12/31/13.
    • Enhancement of user experience with station-specific mobile apps, as a result of the acquisition of the RobotFruit mobile application platform.
    • Execution of key industry and geographically-focused partnerships with Targetspot, PPTV, Monaco Media, Scratch.fm, among others.
    • Successful completion of non-dilutive $500,000 financing.
    • Reduction of $770,000 in liabilities related to Lenco acquisition.
    • Sale of non-core education lead generation brands in November 2013.
    • Completion of core development work associated with the launch of an artist-based broadcasting platform.
    See also  Fargo Startup House Issues a Global Call for Startups Hoping to Make an Impact Through Technology

    Michael Hill, Chief Executive Officer of StreamTrack, stated, “Reaching positive EBITDA in November and December of 2013 is a huge milestone. Over the last year we have successfully aggregated new radio stations and increased our revenue per listener hour at aggressive rates. We believe our monetization rates are at or near the top of the internet radio industry. We plan to continue to execute on our business model by adding new active radio stations and increase revenue per listening hour. With the recent acquisition of the RobotFruit mobile platform, we anticipate providing a similar mobile ad-supported model to broadcasters and stations owners. Rather than providing a mobile app guide with an aggregate of all of our stations, we plan to provide each of our stations a free mobile application for their station. If all of our initiatives are well-executed and the internet radio sector continues to expand, we see 2014 being a year of extreme growth for us.”

    About StreamTrack, Inc. StreamTrack, Inc. (the “Company”) is a digital media and technology services company. The Company provides audio and video streaming and advertising services through its RadioLoyalty™ Platform (the “Platform”) to over 5,000 internet and terrestrial radio stations and other broadcast content providers. The Platform consists of a web-based and mobile player that manages streaming audio and video content, social media engagement, display and video ad serving within the web player and is also capable of replacing audio ads with video ads within the web player in a live or on-demand environment. The Company offers the Platform directly to its broadcasters and integrates or white labels its technologies with web-based internet radio guides and other web-based content providers. The Company is also continuing development of WatchThis™, a patent-pending technology to provide web, mobile and IP television streaming services that are e-commerce enabled within streamed content.

    See also  Guavus Expands to Australia/New Zealand

    For more information visit: http://www.streamtrack.com or http://www.radioloyalty.com

    Forward-Looking Statements
    Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about StreamTrack’s industry, management’s beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict and historical accomplishments are not necessarily indicative of future results. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. Readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    Business Matters Computer Computer News Computing News Marketwired Press Release Software Software News Tech News Techie News Technology News
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Nigeria: May our renewed hope not become renewed captivity  

    May 20, 2023

    BudgIT launches TrackaMobile 2.0 App to aid Participatory Governance at the Subnational Level

    Nov 14, 2022

    How to Transfer Music from Computer to iPhone

    Jul 31, 2022

    MTN Apologises Following Network Sudden Outage

    Oct 11, 2021
    Add A Comment

    Comments are closed.

    Get Social with Us
    • Facebook
    • Twitter
    • Pinterest 95
    • Instagram
    • YouTube
    Latest Posts

    President Tinubu Appoints Femi Gbajabiamila COS, Senator Ibrahim Hadejia, DCOS, George Akume, SGF

    Jun 2, 2023

    Jackie Is Chasing Clout By Attacking Hilda Bassey – Okon Lagos

    Jun 2, 2023

    Messi Knows Barcelona’s Doors Will Always Be Open To Him – Xavi

    Jun 2, 2023

    I Have 3 Sons Now – Kizz Daniel

    Jun 2, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    I Will Not Blemish My Name At Juventus – Gianluigi Buffon

    May 20, 2018

    My Greatest Prayer Was To Be Able To Hug My Kids – Precious Chikwendu

    Jun 5, 2022

    Resignation Rumours Are ‘Awful And Horrible’ – LVG

    Jan 28, 2016

    Ayo Fayose Blames Buhari For Naira Crash

    Feb 18, 2016

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?