Realnetworks (RNWK) Reports Q3 Loss of $0.62 on Drop in Revenue

Realnetworks (NASDAQ: RNWK) reported Q3 EPS of ($0.62), versus ($0.88) reported last year. Revenue for the quarter came in at $34.2 million, versus $40.8 million reported last year.

"In addition, we're encouraged by our progress in our other businesses. In our Games division, we successfully launched our Slingo Adventure game on Facebook during the third quarter, and on the iOS and Android platforms more recently. We also saw continued revenue growth for Rhapsody, of which we own approximately 45%. At the same time, we continued to manage costs carefully, making cost reductions related to our legacy businesses of over $15 million annually."

For the fourth quarter of 2014, RealNetworks expects total revenue in the range of $33.0 million to $36.0 million. They expect adjusted EBITDA for the quarter to be a loss in the range of $(16.0) million to $(18.0) million.

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

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