RealNetworks Posts Strong Fourth Quarter Growth
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RealNetworks, Inc. reported today it earned $10.3 million in revenue for the fourth quarter ended December 31, 1997, reflecting an increase of 80% from $5.7 million the same quarter 1996.
The Company's net loss for the fourth quarter was $2.6 million or ($0.09) per share on 30.6 million shares outstanding, compared to a net loss of $1.5 million or ($0.05) per share on 28.0 million shares outstanding for the same period of 1996.
"Capping a very successful year, RealNetworks achieved strong growth in the fourth quarter of 1997, led by our introduction and shipment of RealSystem 5.0," said Rob Glaser, chairman and chief executive officer, RealNetworks.
"RealSystem 5.0 drove rapid adoption of server technology by both our Internet and Intranet customers. On the client side, we saw a 50% increase in player distribution compared to the third quarter 1997."