Find tour dates and live music events for all your favorite bands and artists in your city! Get concert tickets, news and more!

RealNetworks Losses Wider Than Expected


LOS ANGELES (Hypebot) – 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.