To: Nasdaq100 who wrote (11172 ) 7/22/1998 8:20:00 AM From: Glenn D. Rudolph Respond to of 164684
Interview - RealNetworks revenues strong Reuters Story - July 22, 1998 01:45 %BUS %ENT %US %TEL RNWK MCIC NSCP MSFT V%REUTER P%RTR By Martin Wolk SEATTLE, July 21 (Reuters) - RealNetworks Inc sales were strong "across the board" in the latest quarter, president Bruce Jacobsen said Tuesday after the Internet software company reported results that were stronger than expected. RealNetworks posted second-quarter revenues of $15.1 million, up 115 percent from year-earlier levels and lost $2.1 million or $0.07 a share, compared with a loss of $2.7 million or $0.12 last year. On average analysts had expected a net loss of 10 cents a share for the latest quarter, according to First Call. "We are continuing to perform strongly in consumer sales .. and we did particularly good work in the Real Broadcast Network, where we host content for other people," Jacobsen said in an interview. The network is a joint venture with MCI Communications Corp . Jacobsen also said advertising revenues, while relatively small, are growing rapidly. "We're doing a good job in diversifying revenue streams and adding ancillary service businesses," he said. Jacobsen declined to comment on analyst estimates, which have the company gradually cutting its losses until it breaks even in late 1999. Jacobsen said the company remains on track to release its RealSystem G2 series of products by the end of the year. RealNetworks said it has 27 million registered users of its RealPlayer software and has recorded a total of 50 million downloads of its products, ranking behind only the leading Internet browsers from Netscape Communications Corp and Microsoft Corp .