RealNetworks 2013 revenue down from 2012

RealNetworks, Inc. (NASDAQ: RNWK) reported that for the full year 2013, revenue was USD206.2m, compared to USD258.8m for 2012.

GAAP net loss was USD(57.4)m or USD(1.61) per diluted share, compared to net income of USD44.8m or USD1.28 per diluted share in 2012.

Adjusted EBITDA was a loss of USD(23.7)m, compared to a loss USD(16.7)m for 2012. A reconciliation of GAAP operating income (loss) to adjusted EBITDA is provided in the financial tables that accompany this release.

As of December 31, 2013, the company had USD226.2m in unrestricted cash, cash equivalents and short-term investments, up from USD218.4m as of September 30, 2013.

RealNetworks creates innovative applications and services that make it easy to connect with and enjoy digital media. RealNetworks invented the streaming media category in 1995 and continues to connect consumers with their digital media both directly and through partners, aiming to support every network, device, media type and social network. RealNetworks´ corporate information is located at www.realnetworks.com/about-us.

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