Rob Glaser
Rob Glaser

RealNetworks this afternoon reported a net loss of $7.8 million for the first quarter, an improvement over the $11.7 million loss posted by the company in the first quarter last year.

However, each of its three major divisions ran at an operating loss for the quarter, including two — RealPlayer and Mobile Entertainment — that had posted operating profits in the same quarter a year ago.

Overall quarterly revenue at the Seattle-based digital entertainment company slipped to $45.7 million, down from $56.8 million a year ago.

Rob Glaser, the company’s founder and interim CEO, said in a news release that RealNetworks “continued to invest in laying the foundation for our future growth and profitability” during the quarter.

RealPlayer Cloud, the company’s effort to bring one of its longstanding brands into a new era, has surpassed 2 million users as the company launched the app globally. The service leverages cloud storage and streaming for sharing videos, rather than requiring users to send large video files as attachments via email.

RealNetworks also brought its Listen ringback tone service into the U.S. in the first quarter, through a partnership with T-Mobile.

Comments

  • Salty_Swede

    Realnetworks is still in business?

    • Piddy

      Man, I have no idea how these guys are in business too…

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