Summary:

RealNetworks Reaches 900,000 Subscriber Mark; Subs Revenue Grows 167%; Losses Narrow: RNWK reported a net loss of $2.5 million for Q4, on re…

RealNetworks Reaches 900,000 Subscriber Mark; Subs Revenue Grows 167%; Losses Narrow: RNWK reported a net loss of $2.5 million for Q4, on revenue of $46.2 million. That compares with a loss of $11.8 million, revenue of $45.4 million in the year-ago quarter. It expects the first three months of 2003 to bring slight quarter-over-quarter revenue growth due to an expected rise in subscription sales.

Consumer subscription revenue grew from $28.2 million in 2001 to $75.5 million in 2002, up about 167 percent year-over-year. In the fourth quarter, RealNetworks said its consumer subscription businesses (which is its Realone SuperPass multi-media service) reached about 900,000 paying subscribers.

For more details and a link to the conference call and presentation, read the company release.

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