Feeds

Real sees revenues up, losses narrow

More sideswipes at Redmond

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

Real Networks saw losses narrow to $2m in its most recent quarter, despite an increase in costs related to antitrust litigation. Q4 FY2004 income was $72.5m, up 34 per cent year-on-year. Without the antitrust litigation, which cost Real almost $3m, the company would have been in the black.

Real has 1.55 million paying subscribers, with 700,000 for the Rhapsody and Real Premium services. The subs bring in $41.9 of the $72.5m. Founder and CEO Rob Glazer said that Rhapsody subscribers clocked up 239 million song playbacks.

Games and music provided Real with the most growth, with games distribution and publishing up 156 per cent year-on-year to $10 million, while music accounted for $21 million of the $60.7 million in consumer revenues in the quarter

The business side saw revenues fall 13 per cent.

"This decline in part reflects the illegal, anticompetitive business practices of our primary competitor, remedies for which we are pursuing in the courts," said CFO Roy Goodman.

That said, Real snagged $11.76m on business sales, which included its Helix software to Vodafone and BT, and said its goal is to roll out carrier grade software for both wireline broadband and mobile providers.

Deferred revenue fell to $30m in the full fiscal year.

Real will spent $15m on antitrust litigation in this fiscal year, both inside the US and overseas. The company has held on to the concession granted by the EU, which ordered Microsoft to ship a version of Windows that didn't play Windows Media Files. ®

Related stories

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.