Follow us:

Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

February 14, 2006 at 1:56 PM

RealNetworks Q4 — quick take

Notes on RealNetworks’ fourth quarter:

Revenue was $83.6 million — a record for the company — and profit was $295.6 million. The profit, also a record, came in large part because the company recorded the antitrust settlement payout from Microsoft in the quarter. The number of paying subscribers was about 2.25 million, with the growth in that area slowed down compared with previous quarters.

The revenue from music and games all inched up as a percentage of total revenue, and was 31.2 percent and 18.8 percent, respectively, while systems revenue dropped slightly as a percentage of the total to 12.1 percent.

The company announced that Roy Goodman resigned today as chief financial officer and treasurer, and will be replaced by Michael Eggers. More information on this subject will likely come in the conference call, which is about to begin.

Update: Goodman is moving to Virginia. He said his family wanted to be closer to relatives after the sudden death of a close family member. He will continue to work for the company in a new position, but not CFO.

Also, RealNetworks had an astonishing $781.3 million in cash in the bank as of Dec. 31. Chief executive Rob Glaser said he’s not giving details on what the company will do with all that money.

Comments

COMMENTS

No personal attacks or insults, no hate speech, no profanity. Please keep the conversation civil and help us moderate this thread by reporting any abuse. See our Commenting FAQ.



The opinions expressed in reader comments are those of the author only, and do not reflect the opinions of The Seattle Times.


The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►
The Seattle Times

To keep reading, you need a subscription upgrade.

We hope you have enjoyed your complimentary access. For unlimited seattletimes.com access, please upgrade your digital subscription.

Call customer service at 1.800.542.0820 for assistance with your upgrade or questions about your subscriber status.

The Seattle Times

To keep reading, you need a subscription.

We hope you have enjoyed your complimentary access. Subscribe now for unlimited access!

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Activate Subscriber Account ►