RealNetworks swings to Q2 loss

Digital entertainment services firm RealNetworks announced a second-quarter net loss of $1.3 million Thursday despite revenues increasing to $152.6 million over $136.2 million a year earlier.

RealNetworks’ Technology Products and Solutions unit contributed $51.3 million in revenue, representing a 5 percent year-over-year spike–the firm said subscriptions to its ringbacks and music-on-demand services rose 38 percent over Q2 2007 totals, with intercarrier messaging volume increasing to almost 2.5 times the level of year-ago figures.

In addition, Real said its casual games business, which it plans to spin off, experienced a 40 percent second-quarter revenue increase to $34.9 million. At the end of June, RealNetworks and MTV Networks finally launched their long-awaited V Cast Music with Rhapsody mobile service via Verizon Wireless–during the second quarter, online music revenues totaled $37.2 million, only a 1 percent year-over-year increase.

Technorati labels: ,

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

%d bloggers like this: