realnetworksRealNetworks keeps on losing money, but interim CEO Rob Glaser remains confident that the company is on the right track.

The Seattle digital media company posted a loss of $31.4 million in its third quarter earnings report today, which follows a loss of $18.5 million in the second quarter of 2013.

Still, co-founder and chairman Rob Glaser, who returned as the Seattle company’s interim CEO a year-and-a-half ago, said he was “pleased with our continued progress towards revitalizing RealNetworks,” in a press release.

Glaser also noted “excellent” response to the September launch of RealPlayer Cloud, the company’s new video playing, sharing and syncing service.

RealNetworks posted revenue of $49 million this quarter compared to $49.9 million in the second quarter. Its games division took a loss for the third consecutive quarter and saw a 24 percent decrease from this time last year.

RealNetworks has gone through a series of cutbacks and reorganizations in recent years, and recently moved to a new headquarters south of downtown Seattle. It acquired Muzicall, a 9-year-old London company that specializes in ringback tones, a few days ago and also recently added former drugstore.com CEO Dawn Lepore to its board.

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Comments

  • Guest

    Congrats to Rob for keeping it Real. Rejuvenating a tech juggernaut is quite a challenge, but we have confidence that you can surpass that challenge.

  • guest

    Too bad he hasn’t been able to turn around the games part of the biz.

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