RealNetworks (RNWK) Reports Q3 Loss of $0.08, Revenues Miss

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RealNetworks Announces Third Quarter 2020 Financial Results

November 3, 2020 4:01 PM EST

SEATTLE, Nov. 3, 2020 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK), a leader in digital media software and services, today announced its financial results for the third quarter ended September 30, 2020. This release refers to "continuing" and "discontinued" operations due to the pending sale of Napster, RealNetworks' 84%-owned subsidiary, to MelodyVR Group PLC, which is expected to close in the fourth quarter of 2020. Effective as of the signing date, August 25, 2020, Napster is treated as a discontinued operation for accounting and disclosure purposes; therefore, unless otherwise noted, results presented in this release relate to the continuing... More