RealNetworks 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.
