Friday, May 6, 2011

RealNetworks Revenues Drop

Seattle-based RealNetworks announced its first quarter results last night, saying that it has a net loss of $12.3M on revenues of $87.3M. The firm's revenues decreased 6 percent compared with Q1 of 2010, and were a decrease of 11 percent compared with Q4. The firm did not discuss the reasons for the revenue decreases, though it did say it expects to see its total revenue to also decline in its second quarter.