RealNetworks suffers 15% drop in Q2 games revenue
Profit from games, music and technology products predicted to decline further in third quarter
RealNetworks has reported a 15 per cent decrease in its 2009 second quarter games revenue; a fall which has contributed to an overall company revenue decline of 11 per cent.
Total revenue for the period was USD 135.7 million, which compares to USD 152.6 million in the second quarter of 2008. The company's net loss for the accounting period totalled USD 188.3 million; compared to USD 1.3 million the year previous.
In its breakdown of businesses, decreases of 10 per cent were experienced in its Technology Products and Solutions division, 34 per cent in Media Software and Services and 15 per cent in Games revenue.
Music was the only sector to see a rise, of nine per cent.
This downturn, RealNetworks said, is partly affected by foreign currency exchange rate fluctuations, which negatively affected its second quarter revenue by approximately USD 6.3 million, compared with the year-ago quarter.
The company declined to provide quantitative guidance, blaming high levels of uncertainly regarding consumer spending, global economic trends, foreign currency rate fluctuations and credit markets.
It does however expect third-quarter Media Software and Services revenue to be flat, and revenue in Music, Games and Technology Products and Solutions to decline further.