Worldspace Inc. cut its net loss from $57.3 million in the third quarter 2004 to $15.4 million in the third quarter 2005, the company reported Nov. 7.

Revenue improved from $1.6 million to $2.4 million in the same period due to subscriber gains. Worldspace finished the third quarter 2005 with 75,000 subscribers, adding 11,100 subscribers during the quarter. The company added more than 7,700 subscribers in India during the quarter, where the company has made a major marketing push.

At the end of the third quarter 2004, Worldspace reported 18,700 subscribers.