RealNetworks (RNWK) Reports Q3 Loss of $0.16, Revenues Miss; Offers Q4 Revenue Guidance Below Consensus

RealNetworks (NASDAQ: RNWK) reported Q3 EPS of ($0.16), versus $0.00 reported last year. Revenue for the quarter came in at $17.6 million versus the consensus estimate of $33.11 million.

"We are encouraged by our performance in the third quarter, which marked a return to sequential revenue growth," said Rob Glaser, Chairman and Chief Executive Officer of RealNetworks. "We are very excited by the market\'s initial reaction to our SAFR facial recognition platform, which we announced on July 17th. We have already signed partnerships with two major systems integrators: Net One Partners in Japan and Seventh in Brazil, with more on the way. We also launched Scener in the third quarter. Scener is a new product and business that was incubated inside of RealNetworks to redefine the over-the-top video experience by integrating synchronized commentary directly with OTT video."

GUIDANCE:

RealNetworks sees Q4 2018 revenue of $17.5-19.5 million, versus the consensus of $30 million.

For earnings history and earnings-related data on RealNetworks (RNWK) click here.

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