RealNetworks, Inc. provides digital media software and services in the United States, Europe, and internationally. Its Consumer Media segment offers RealPlayer media player, a software that enables consumers to discover, play, download, manage, and edit digital video, stream audio and video, download and save photos and videos from the web, transfer and share content on social networks, and edit their own photo and video content. This segment also licenses its codec technology to electronic equipment, microchip, and integrated circuit manufacturers. The company's Mobile Services segment provides digital media services to mobile and online service providers as software as a service offerings, which include intercarrier messaging services; Kontxt, a text message management, anti-spam, and classification product; ringback tone that enables callers to hear subscriber-selected music or messages; business intelligence, and subscriber management and billing for the carriers; RealTimes, a photo and video sharing platform that offers to wireless carriers for integration in their hosted cloud solutions; and SAFR, a computer vision platform. Its Games segment develops, publishes, and distributes casual games, including time-management, board, card, puzzle, word, and hidden-object games. It offers its casual games through mobile devices, digital downloads, and subscription play. RealNetworks, Inc. provides its products and services through direct and indirect channels comprising public relations, trade shows, events, and speaking opportunities; online channels, including social media; third party distribution partners; and third-party distribution channels, such as application storefronts, search engines, online portals, and content publishers. It offers its software and services to consumers, mobile carriers, device manufacturers, system integrators, and other businesses. The company was incorporated in 1994 and is headquartered in Seattle, Washington.
IPO Year: 1997
Exchange: NASDAQ
Website: realnetworks.com
Lake Street initiated coverage of RealNetworks with a rating of Buy and set a new price target of $6.00
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SEATTLE, Nov. 8, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the third quarter ended September 30, 2022. Revenue was $11.7 million, net loss of $(6.7) million and Adjusted EBITDA loss of $(5.8) millionSAFR Scan received its first large order and smaller orders are creating a sales opportunity pipelinePending merger process continues and the company is managing its resources responsibly through the processManagement Commentary"In the third quarter we continued to manage our business rigorously while Real's transition moves forward. Shareholders will be asked to vote on the Merger Agreem
SEATTLE, Nov. 1, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, announced today it will report financial results for its 2022 third quarter ended September 30, 2022 after the market closes on Tuesday, November 8, 2022. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-877-550-1707 (United States) or 1-848-488-9020 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Tuesday, November 22, 2022, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (interna
Company Announces Definitive Merger Agreement with CEO Rob Glaser, Subject to Shareholder Approval SEATTLE, July 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the second quarter ended June 30, 2022. Revenue was $11.9 million, net loss of $(5.1) million and Adjusted EBITDA loss of $(4.2) millionAppointed Paul DiPeso to the newly created position of President, SAFRAnnounced CFO leadership transition; Brian McClain to serve as Interim CFO and Treasurer beginning on August 1stManagement Commentary"The second quarter was a period of transition and transformation for Real. We brought in tw
SEATTLE, July 18, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced today it will report financial results for its 2022 second quarter ended June 30, 2022 after the market closes on Thursday, July 28, 2022. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-877-451-6152 (United States) or 1-201-389-0879 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Thursday, August 11, 2022, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (interna
SEATTLE, May 4, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the first quarter ended March 31, 2022. Revenue was $13.3 million, net loss of $(5.2) million and Adjusted EBITDA loss of $(3.8) millionLaunched SAFR SCAN, the company's first integrated hardware-software productAppointed Mike Cooley as President for KONTXT, Messaging, and TelecomManagement Commentary "In March, we launched SAFR SCAN, a video door station for access control which is the company's first integrated hardware-software product in our 27-year history. SAFR SCAN delivers excellent performance, security, and reliabili
SEATTLE, April 21, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced today it will report financial results for its 2022 first quarter ended March 31, 2022 after the market closes on Wednesday, May 4, 2022. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-888-221-3881 (United States) or 1-646-828-8193 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Wednesday, May 18, 2022, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (internati
SEATTLE, Feb. 9, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results* for the fourth quarter and year ended December 31, 2021. 2021 revenue of $58.2 million, net loss attributable to RealNetworks of $(21.2) million and Adjusted EBITDA loss of $(13.8) million Continued revenue growth in 2021 for the Company's AI-based businesses with 44% growth in SAFR™ and 14% growth in KONTXT Strong balance sheet with unrestricted cash and cash equivalents of $27.1 million and no debt as of December 31, 2021Management Commentary "In 2021, we continued our strategic transformation to an AI/Machine Learning based c
SEATTLE, Jan. 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced today it will report financial results for its 2021 fourth quarter and year ended December 31, 2021 after the market closes on Wednesday, February 9, 2022. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-877-451-6152 (United States) or 1-201-389-0879 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Wednesday, February 23, 2022, by dialing 1-844-512-2921 (United States) or 1-4
SEATTLE, Nov. 3, 2021 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results* for the third quarter ended September 30, 2021. Revenue of $14.3 million, net loss attributable to RealNetworks of $(7.7) million and Adjusted EBITDA loss of $(2.7) million Continued revenue growth year-over-year for the Company's AI-based businesses with 124% growth in SAFR™ and 12% growth in KONTXT Strong balance sheet with focus on targeted investments; unrestricted cash and cash equivalents of $29.0 million and no debt as of September 30, 2021 Hired a new Games CEO, Simonetta Lulli Gómez, in OctoberManagement Commentary"In t
SEATTLE, Oct. 21, 2021 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced today it will report financial results for its 2021 third quarter ended September 30, 2021 after the market closes on Wednesday, November 3, 2021. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-877-451-6152 (United States) or 1-201-389-0879 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Wednesday, November 24, 2021, by dialing 1-844-512-2921 (United States) or 1-412-317-66
SEATTLE, July 14, 2022 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK), today announced an orderly CFO transition plan. Christine Chambers, Real's current CFO, will be leaving Real on July 31, 2022 to pursue another opportunity. To fill her role, the Company announced the hiring of Brian McClain. Mr. McClain joined the Company as a full-time strategic advisor on July 6th and will succeed Ms. Chambers as Interim CFO and Treasurer on August 1, 2022. "On behalf of everyone at Real, I want to thank Christine for her many contributions to the Company and for the thorough and professional way she is handling this upcoming transition," said Rob Glaser, Real's CEO. "I wish Christine the best in he
SEATTLE, June 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced two significant changes to its leadership team. First, Real announced the appointment of Paul DiPeso to the newly created position of President, SAFR. Mr. DiPeso started today and reports to CEO Rob Glaser. Mr. DiPeso has over 25 years of top management experience in physical security with leading industry corporations. He was most recently Executive Vice President and General Manager of Feenics, an Access Control as a Service (ACaaS) software solutions company that was recently acquired by ACRE. He previously served in various physical security exe
SEATTLE, April 6, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK) today announced the appointment of Mike Cooley to the newly created position of President for KONTXT, Messaging, and Telecom. This new role is recognition of both the significant progress Real has made in developing KONTXT® into a core platform for Real's future, and the large opportunities available to turn KONTXT into a very significant business at Real. "In just a few short years, KONTXT has become one of the most widely used NLP platforms in the U.S. Telecom industry, blocking millions of pernicious sp
SEATTLE, Nov. 2, 2021 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced today the appointment of Simonetta Lulli Gómez as Chief Executive Officer of GameHouse. "We're excited to have Simonetta join GameHouse as its CEO," said Rob Glaser, Chairman and CEO of RealNetworks. "Simonetta's track record of success and outstanding leadership in a diverse set of games businesses makes her the ideal leader for GameHouse as it fulfills its mission of becoming the leading provider of casual mobile games for Women." "I'm very happy to join GameHouse and its amazing Delicious and Emily's games portfolio that are loved by millions of
SEATTLE, Feb. 2, 2021 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK) today announced the appointment of Christine Chambers to the position of Senior Vice President, Chief Financial Officer and Treasurer, effective March 1, 2021. Ms. Chambers will be rejoining RealNetworks, having served the Company in various finance roles for nearly a decade, most recently as Vice President, Finance. Ms. Chambers will report to President and COO Mike Ensing. Ms. Chambers succeeds Judd Lee, who will be transitioning out of the Company in March. "I am thrilled that Christine is returning to Real to lead our finance team," said Rob Glaser, Real's Chairman and CEO. "Christine's deep knowledge of the peo
SEATTLE, Nov. 8, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the third quarter ended September 30, 2022. Revenue was $11.7 million, net loss of $(6.7) million and Adjusted EBITDA loss of $(5.8) millionSAFR Scan received its first large order and smaller orders are creating a sales opportunity pipelinePending merger process continues and the company is managing its resources responsibly through the processManagement Commentary"In the third quarter we continued to manage our business rigorously while Real's transition moves forward. Shareholders will be asked to vote on the Merger Agreem
SEATTLE, Nov. 1, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, announced today it will report financial results for its 2022 third quarter ended September 30, 2022 after the market closes on Tuesday, November 8, 2022. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-877-550-1707 (United States) or 1-848-488-9020 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Tuesday, November 22, 2022, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (interna
Company Announces Definitive Merger Agreement with CEO Rob Glaser, Subject to Shareholder Approval SEATTLE, July 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the second quarter ended June 30, 2022. Revenue was $11.9 million, net loss of $(5.1) million and Adjusted EBITDA loss of $(4.2) millionAppointed Paul DiPeso to the newly created position of President, SAFRAnnounced CFO leadership transition; Brian McClain to serve as Interim CFO and Treasurer beginning on August 1stManagement Commentary"The second quarter was a period of transition and transformation for Real. We brought in tw
SEATTLE, July 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK) announced today it has signed a definitive agreement with the Company's founder, Chairman and CEO, Robert D. Glaser, pursuant to which the Company will merge with and into Greater Heights LLC, an affiliate of Mr. Glaser, and each outstanding share of common stock of the Company will be converted into the right to receive cash consideration of $0.73 per share. Mr. Glaser, together with his affiliates, currently owns approximately 39% of the outstanding shares of RealNetworks's stock. The merger consideration represents a 55% premium to the Company's closing stock price on the last trading day prior to announcement of Mr.
SEATTLE, July 18, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced today it will report financial results for its 2022 second quarter ended June 30, 2022 after the market closes on Thursday, July 28, 2022. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-877-451-6152 (United States) or 1-201-389-0879 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Thursday, August 11, 2022, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (interna
SEATTLE, July 14, 2022 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK), today announced an orderly CFO transition plan. Christine Chambers, Real's current CFO, will be leaving Real on July 31, 2022 to pursue another opportunity. To fill her role, the Company announced the hiring of Brian McClain. Mr. McClain joined the Company as a full-time strategic advisor on July 6th and will succeed Ms. Chambers as Interim CFO and Treasurer on August 1, 2022. "On behalf of everyone at Real, I want to thank Christine for her many contributions to the Company and for the thorough and professional way she is handling this upcoming transition," said Rob Glaser, Real's CEO. "I wish Christine the best in he
SEATTLE, June 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced two significant changes to its leadership team. First, Real announced the appointment of Paul DiPeso to the newly created position of President, SAFR. Mr. DiPeso started today and reports to CEO Rob Glaser. Mr. DiPeso has over 25 years of top management experience in physical security with leading industry corporations. He was most recently Executive Vice President and General Manager of Feenics, an Access Control as a Service (ACaaS) software solutions company that was recently acquired by ACRE. He previously served in various physical security exe
Pilot project will gain insights on spam rejection performance and customer experience SEATTLE, June 27, 2022 /PRNewswire/ -- RealNetworks® (NASDAQ:RNWK), a leader in AI-powered digital media software and services, today announced a pilot program with Vodafone Germany to launch a new service called Vodafone CallProtect. Vodafone CallProtect will warn Vodafone Germany customers of potential fraudulent, scam, or spam-type calls. The technology behind CallProtect is RealNetworks' KONTXT®, an AI-based anti-spam solution for messaging and voice calls, which includes the KONTXT Reputation Service database. The benefit of RealNetworks technology is the offering of a rich feature set for anti-fraud
SEATTLE, May 9, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced that it has received an unsolicited, non-binding proposal from Robert Glaser, RealNetworks' Founder, Chairman and Chief Executive Officer to acquire all of the outstanding shares of common stock of RealNetworks not currently owned by Mr. Glaser and his affiliates at a purchase price of $0.67 per share in cash, subject to certain conditions. Mr. Glaser, together with his affiliates, currently owns approximately 38% of the outstanding shares of RealNetworks stock. In light of the proposal, the board of directors of RealNetworks has appointed an independe
SAFR SCAN is the Industry's First Facial Recognition Reader Specifically Built for Broad Commercial Market Adoption SEATTLE, May 5, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), is proud to announce that its recently introduced SAFR SCAN™ facial recognition reader is the recipient of the 2022 Platinum Govies Award for Access Control – Biometrics. The prestigious award was announced by Security Today April 26, 2022, honoring SAFR SCAN as being an outstanding product for government security applications. SAFR SCAN was selected for the 2022 Platinum Govies Award for Access Control – Biometrics by an independent panel of judges from the security industry. Product entries were evaluated
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RealNetworks (NASDAQ:RNWK) reported quarterly losses of $(0.14) per share. This is a 12.5 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $11.71 million which missed the analyst consensus estimate of $12.90 million by 9.24 percent. This is a 18.31 percent decrease over sales of $14.33 million the same period last year.
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RealNetworks (NASDAQ:RNWK) reported quarterly losses of $(0.11) per share which beat the analyst consensus estimate of $(0.13) by 15.38 percent. This is a 266.67 percent decrease over losses of $(0.03) per share from the same period last year. The company reported quarterly sales of $11.90 million which beat the analyst consensus estimate of $11.80 million by 0.85 percent. This is a 18.27 percent decrease over sales of $14.56 million the same period last year.
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