RealNetworks Reports Results for First Quarter
RealNetworks announced results for the quarter ended March 31, 2000.
Net revenues for the quarter were $53.5 million, an increase of 120% from$24.4 million in the first quarter of 1999.
The Company reported pro formanet earnings for the quarter of $8.8 million, or $0.05 per diluted share,compared to a pro forma net loss of $0.5 million, or $0.00 per share in thefirst quarter of 1999.
During the quarter, RealNetworks completed its announced acquisition of Netzip, Inc. for approximately 3.4 million shares of RealNetworks common stock.
"This has been another great quarter of significant achievements, in whichour leadership in Internet media delivery continued to widen and deepen," saidRob Glaser, chairman and CEO, RealNetworks, Inc. "Our already large globaluser base grew by 20 million and our content and infrastructure partnerscontinued to deepen their deployment of the RealSystem G2 platform, making itthe most widely deployed media delivery system in the world. Significantannouncements with leading infrastructure providers marked further milestonestowards making broadband media delivery a reality for content providers,broadcasters and end-users worldwide."