Jul 29, 2004 • 1 min read

Real's revenues rise, helping losses fall

Real Networks reported Q2 revenues up 32% year on year to $65.5 million, cutting its losses, while Sony's Q2 profit rose to 23.3bn yen.

Always space for some dull financial reporting in the CMU Daily. Real Networks have reported that revenues for quarter 2 of 2004 were $65.5 million, up 32% from the same period last year and up 8% from first quarter of this year. All that income means their losses for this quarter were only a mere $4.6 million, down from a $9.6 million loss in the same quarter last year, and down from a $10.4 million loss in Q1 this year. Some $2.8 million of that loss went on the cost of its continued anti-trust litigation against Microsoft. So that's all right then.

Elsewhere in dull financial news, and more good news for the Sony group who have announced their Q2 profits were 23.3bn yen - that's twenty times higher that the same period last year. Much of the profit boost came from electronic sales outside Japan. Despite the positive swing the company says its estimates for year end profit remain unchanged because of up coming restructuring costs and the current weak demand for electronic goods in Japan.

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