RealNetworks revenues improved during the first quarter, thanks partly to music-related increases.
During the three-month period ending March 31st, music-related revenues bumped 12 percent to $38.1 million. Broader revenues increased 14 percent to $147.6 million, and most units showed gains during the period.
The music increases happened despite stagnant subscriber levels. The company reported a music-specific subscriber total of 2.675 million, level with year-ago totals. The figure lumps subscribers across Rhapsody and RadioPass, a combination that makes an isolated analysis difficult.
Gaming revenues jumped 33 percent to $31.8 million, though the division is now being spun off.
On the profit side, the company experienced a massive plunge, though the year-ago quarter featured a massive, Microsoft settlement payment. Specifically, profits landed at $2.4 million, or $0.02 per diluted share, compared with $40 million, or $0.22 per diluted share, in the first quarter of 2007.
Story by news analyst Alexandra Osorio.