The Channel logo

News

By | Andrew Orlowski 3rd August 2005 08:09

Real finds another profitable quarter

Revenues up 26pc

Real Networks reported a profit of $4.7m on income of $82.6m in the quarter ending June 30, Q2 2005. That's up 26 per cent year on year.

It was helped along by the $7.59m sale of its investment in MusicNet, but even without the gain, it's close to break even. The company noted that long running antitrust litigation expenses cost it $4.65m in the quarter, an increase over Q1. Marketing its Rhapsody service cost $6.5m in the quarter.

Real has 2 million subscribers, up from 1.55m at the end of last year, and these subscribers contributed to more than half of its gross revenue, $47.8m. However the number of music subscribers only just topped the million mark in the quarter, at 1.15m, up from 975m in the previous quarter.

The company raised its outlook for the year to between $323m and $333m. ®

Related stories

RealNetworks sneaks a profit
Microsoft mulls music subscriptions
Real sees revenues up, losses narrow
Nokia N91: an iPod-class contender?

alert Send corrections

Opinion

frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up
Internet of Things

Gavin Clarke

This time, Larry's Oracle is going after the networking giants

Features

No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever
Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club