RealNetworks (RNWK) Reports Q1 Loss of $0.27 on Revenues of $15.9M; Offer 2Q Revs. Views

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Go back to RealNetworks (RNWK) Reports Q1 Loss of $0.27 on Revenues of $15.9M; Offer 2Q Revs. Views

RealNetworks Announces First Quarter 2021 Financial Results

May 12, 2021 4:01 PM EDT

SEATTLE, May 12, 2021 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK), a leader in AI-powered digital media software and solutions, today announced its financial results* for the first quarter ended March 31, 2021.

Revenue of $15.9 million, driven by growth in AI-businesses offset by declines in some of the Company's foundation businesses 160% year-over-year revenue growth for SAFRTM driven by successes in the U.S. Federal market and in global commercial applications Net loss of $(10.6) million; adjusted EBITDA loss of $(3.0) million marking the seventh consecutive quarter of year-over-year improvement;... More