RealNetworks Losses Wider Than Expected

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RealNetworks Losses Wider Than Expected

By: Bruce Houghton
2009-05-08

RealNetworks reported wider than anticipated losses yesterday. Q1 revenues were down 5% for a net loss of $12.1 million or 10 cents per share compared with profits...

...of 2 cents per share a year earlier. Analysts had expected losses of 6 cents a share.

MUSIC SUBSCRIPTIONS UP

The co-owned music subscription service Rhapsody Unlimited was a bright spot at 800,000 subscribers. That's up 25K from the previous quarter and 200K year over year. Any subscriber number less than a million can seem unspectacular in the internet age. But when one considers that subscribers pay $12.99 monthly for the service, it becomes clear that Real was right to stay in the subscription game even as others like Yahoo! and Urge exited.

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About the Author:
Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations.

http://www.hypebot.com


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