Tuesday, April 19, 2005

RealNetworks Reaches One Million Music Subscriptions

RealNetworks has reached the one million subscriber milestone for its premium subscription music services, including subscribers from its new relationship with Comcast. Under its agreement with Comcast, RealNetworks sells premium music services on a wholesale basis to Comcast. Comcast then makes those services available to its broadband subscribers at no additional charge provided they register to receive Comcast Rhapsody Radio Plus. Although Rhapsody Radio Plus is available to all Comcast broadband subscribers, RealNetworks only counts as subscribers those Comcast customers who register for the Rhapsody Radio Plus service.


RealNetworks also announced today that total revenue for the first quarter of 2005 was approximately $76.6 million. This compares to the company's previous first quarter revenue guidance of $73 million to $74.5 million, and represents an approximately 27% increase from $60.4 million in total revenue for the first quarter of 2004. This result also represents a record quarter of revenue for RealNetworks.


Full financial results are expected on May 4.

http://www.realnetworks.com/

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