Aspiro’s Q1 Report included somewhat weaker than expected revenues, but thanks to high profitability in Entertainment, earnings were in line with our estimate. WiMP was launched on the Norwegian and Danish markets in recent months, and in the US via a white label solution. Limited revenues are expected from WiMP in Q2, with a gradual increase following. Solutions also appears to be converging on profitability with finn.no as a new major account starting at end of Q2’10. We have made minor estimate downgrades after the Report.
