RealNetworks' Music Revenue Up 18% in Q1; Subscribers Hit 2.67 Million

Authored by Mark Hefflinger on May 3, 2007 - 12:30pm.

Seattle - RealNetworks, a provider of media delivery technology and subscription services, said it saw an 18% increase in digital music revenue in the first quarter of 2007, to $34.1 million, ending the period with a total of 2.67 million subscribers, up from 1.57 million a year ago.

The company's Rhapsody.com Web-based music service ranks as the fourth most-popular music-related website, according to Nielsen/NetRatings.

Overall, RealNetworks reported a 61% increase in earnings for the first quarter, to $40 million, with revenues of $129.5 million, up from $89.6 million a year ago.

The company's performance beat analysts' expectations and sent RealNetworks' shares higher on Thursday.

 

Related Links:
http://biz.yahoo.com/prnews/070502/sfw067.html?.v=101

http://biz.yahoo.com/ap/070503/realnetworks_mover.html?.v=1 (AP)

http://www.rhapsody.com

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