RealNetworks Post-Rhapsody Reports Small Profit From Lower Revenues
Q1 revenue fell 9% to $128.6M from $140.8M in the previous year quarter
- Net income of $3.2M or 5 cents a share vs. a net loss of $12.M or 10 cents a share last year
- Q1 numbers a $10.9M restructuring gain when it spun off Rhapsody and a one time $2.6M tax benefit
- Real expects Q2 to be the low point in 2010, but anticipates improvement in the second half of the year
- The report beat analyst who had forecast revenues of $125.64 million, according to Thomson Reuters.