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RealNetworks squeaks by estimates in second quarter

Larry Dignan
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Larry Dignan

RealNetworks (Nasdaq: RNWK), which makes streaming media software, topped Wall Street estimates Tuesday with second quarter earnings of $10.6 million, or 6 cents a share, on sales of $62.7 million.

Earnings tracking firm First Call Corp. projected a profit of a nickel a share.

Sales were up 119 percent from $28.5 million a year ago. Including goodwill and acquisition related charges, RealNetworks lost $27.2 million, or 18 cents a share.

The company touted its launch of RealSystem 8 and partnership with America Online (NYSE: AOL) as evidence the company has the scale to be a standard.

Last week, RealNetworks announced its software will be used throughout AOL's networks to deliver interactive broadband entertainment. AOL will deploy RealSystem 8, and AOL 6.0, due out later this year, will use RealPlayer streaming media technology.

On other metrics, RealNetworks said it had:

  • More than 135 million unique registered users of RealPlayer, up 93 percent from a year ago.

  • The top spot among media players, according to Media Metrix.

  • More than 35 million unique registered users for its RealJukebox software.>