Feeds

Real sees revenues up, losses narrow

More sideswipes at Redmond

  • alert
  • submit to reddit

Boost IT visibility and business value

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

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.