RealNetworks Sees Profit Spike on Game Sales, Microsoft Settlement
Seattle - Media delivery technology provider RealNetworks saw its shares rise nearly 10% on Tuesday, after the company reported a spike in third-quarter profit to $42.2 million, compared with $11.2 million in the same period a year ago.
Along with a gain from the company's antitrust settlement with Microsoft, revenue from the company's games services rose 53% from the third quarter a year ago, to $22.5 million, while its music services saw 16% growth and $30.4 million in revenue.
Overall, RealNetworks now counts 2.45 million subscribers to its various paid services, up from 2.2 million a year ago. The company's music services claim 1.65 million paid subscribers.
Related Links:
http://biz.yahoo.com/prnews/061106/sfm130.html?.v=5
http://biz.yahoo.com/ap/061106/earns_realnetworks.html?.v=1 (AP)
http://www.realnetworks.com
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