RUMOR MILL
RealNetworks Inc. on 4/18 posted first-quarter earnings that beat Wall Street expectations as a growing global appetite for audio and video on the Web more than doubled revenues at the Internet media company.
Thursday, April 20, 2000
BROTHER, CAN YOU SPARE A QUARTER?
EMusic, Real Do The Numbers
As the Nasdaq climbs out of its hole, the dot-coms are putting a rosy spin on their latest numbers.
RealNetworks Inc. on 4/18 posted first-quarter earnings that beat Wall Street expectations as a growing global appetite for audio and video on the Web more than doubled revenues at the Internet media company.
The company, which says its popular RealPlayer software is used by 115 million people, had been expected to earn 4 cents a share, according to consensus analyst estimates compiled by First Call/Thomson Financial.
Counting expenses stemming from its $273 million takeover of NetZip Inc., Real said it lost $18.8 million, or 12 cents a share, compared with a loss of 1 cent a share a year earlier, when it had other acquisition-related costs.
Not to be outdone, download vendor EMusic.com feted its one millionth download and 118% increase in revenues for the quarter ending 3/31. EMusic claimed downloaded revenues of $450,000 during Q3, compared with $206,000
"We're losing less money right now," cheered one exec. "More champagne?"
RealNetworks Inc. on 4/18 posted first-quarter earnings that beat Wall Street expectations as a growing global appetite for audio and video on the Web more than doubled revenues at the Internet media company.
The company, which says its popular RealPlayer software is used by 115 million people, had been expected to earn 4 cents a share, according to consensus analyst estimates compiled by First Call/Thomson Financial.
Counting expenses stemming from its $273 million takeover of NetZip Inc., Real said it lost $18.8 million, or 12 cents a share, compared with a loss of 1 cent a share a year earlier, when it had other acquisition-related costs.
Not to be outdone, download vendor EMusic.com feted its one millionth download and 118% increase in revenues for the quarter ending 3/31. EMusic claimed downloaded revenues of $450,000 during Q3, compared with $206,000
"We're losing less money right now," cheered one exec. "More champagne?"
