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# RealNetworks Up 12% But Music Lags
- URL: https://www.hypebot.com/realnetworks-up/
- Published: 2008-08-01T06:25:32.000Z
- Updated: 2008-08-01T06:25:32.000Z
- Description: "We achieved solid results in the second quarter," Rob Glaser, CEO of RealNetworks. said during the company’s report to Wall Street yesterday. "We also launched a major initiative — Music. Continue reading [https://www.hypebot.com/hypebot/2008/08/realnetworks-up.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 11:06

[![Real](https://spcdn.shortpixel.ai/spio/ret_img,q_cdnize/www.hypebot.com/hypebot/images/2008/08/01/real.jpg "Real")](https://www.hypebot.com/.shared/image.html?/photos/uncategorized/2008/08/01/real.jpg)

  
"We achieved solid results in the second quarter," Rob Glaser, CEO of RealNetworks. said during the company’s report to Wall Street yesterday. "We also launched a major initiative — Music Without Limits — that substantially strengthens Rhapsody by integrating mobile music and legal mp3s from all major labels."

But despite a major new partnership with MTV and Verizon, music has thus far failed to do much to help the company’s bottom line. For the second quarter of ’08, revenue grew 12% to $152.6 million compared with $136.2 million for the second quarter of 2007\. But music revenue grew a mere 1% to $37.2 million. Overall ReaNetworks posted a net loss…

for the second quarter of $1.3 million or compared with net income of $1.3 million in the second quarter of 2007.

Real’s revenue growth came from a 40% increase in Games revenue to  
$34.9 million, of which $4 million was due to the acquisition of  
TryMedia; a 15% increase in Media Software and Services revenue to  
$29.2 million; a 5% increase in Technology Products and Solutions  
revenue to $51.3 million; and the 1% increase in music revenue.

Gross margin was 64% in the second quarter of 2008, consistent with the  
gross margin a year earlier. Operating expenses for the second quarter  
of 2008 were $109.7 million, compared with $92.1 million in the second  
quarter of 2007\. Operating expenses in the second quarter of 2008  
included $9.2 million of related party advertising in Rhapsody America.