October 28, 2003

RealNetworks’ Success Story Raises Some Questions [7:24 pm]

CNet News posts a positive article on RealNetwork’s earnings report, which beat the street estimates in RealNetworks’ loss narrows, sales up

However, the Rhapsody statistics (published for the first time) are, to my jaundiced eye, pathetic (but maybe I’m missing something):

Trumpeting its success in digital music services, RealNetworks made public for the first time its subscriber numbers for that division, which includes premium radio and newly acquired Rhapsody. It said that the number of total music subscribers grew by more than 46 percent from the second to third quarter. RealNetworks’ music subscribers, including Rhapsody members, now total 250,000.

Overall, the number of people who pay RealNetworks to stream news, audio and video content to their PCs went up by 15 percent to more than 1.15 million. Most of those gains came through its Rhapsody and RealOne radio subscription services.

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