Earnings: RealNetworks Reports Losses For Q3; Games Help Increase Revenues

This story was written by Amanda Natividad.
RealNetworks (NSDQ: RNWK) announced its Q308 earnings today, and it reported losses for the quarter, though the games division helped shore up the topline. Its Q3 losses were $4.5 million, compared with a net profit of $4.3 million in the year-ago period. Revenues grew 5 percent to $152.0 million compared with $145.1 million for Q308.
Division wise:
-- a 19 percent increase in Games revenue to $34.2 million
-- a 10 percent increase in Music revenue to $41.6 million
-- 3 percent decline in Media Software and Services revenue to $24.5 million
-- 3 percent decline in Technology Products and Solutions revenue to $51.6 million.

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By Amanda Natividad