Digital audio and video services company RealNetworks have announced the results for the quarter ended 30 Jun 2003. Revenue is $49.6m (up 6% from the first quarter) and though net loss was $9.6m.
Rob Glaser, CEO of RealNetworks, Inc said: "In the second quarter we grew our revenue nicely and made progress in each of our two main business areas. We continued to drive our paid content business forward, including introducing a new product, RealOne Rhapsody, that we believe will position RealNetworks very well for the future of the digital music business. We also made major progress in mobile media systems software, laying the foundation for what we believe is a very promising opportunity."
For the third quarter of 2003, RealNetworks anticipates modest revenue growth as it expects increases in its systems infrastructure business and paid content sales, including subscriptions.