RealNetworks Boosts Profits

RealNetworks brought in $4.7m in the second quarter of the year, the streaming giant said yesterday - meaning the company is on target to break even over the year as a whole. The income was a sharp rise from a year ago, when Real lost $4.6m over the same period.

It comes amid a backdrop of sharply rising revenues for the company, which recently set up its own music store. Its total revenue was some $82.7m, beating even a record set the previous quarter of $76.6m. Chairman and CEO Rob Glaser said: "With increased profitability, record revenue and a base of more than two million paid subscribers, we continue to make solid progress."

He added he was pleased with the launch of Rhapsody 25 as part of its music service - it allows people to listen to 25 music tracks for free every month. The company said its base of music subscribers had more than doubled over the past year, from 550,000 to 1.15 million.

View: RealNetworks | Rhapsody

View: AP Coverage

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