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February 14, 2006

RealNetworks Q4 -- quick take

Posted by Kim Peterson at 1:56 PM

Notes on RealNetworks' fourth quarter:

Revenue was $83.6 million -- a record for the company -- and profit was $295.6 million. The profit, also a record, came in large part because the company recorded the antitrust settlement payout from Microsoft in the quarter. The number of paying subscribers was about 2.25 million, with the growth in that area slowed down compared with previous quarters.

The revenue from music and games all inched up as a percentage of total revenue, and was 31.2 percent and 18.8 percent, respectively, while systems revenue dropped slightly as a percentage of the total to 12.1 percent.

The company announced that Roy Goodman resigned today as chief financial officer and treasurer, and will be replaced by Michael Eggers. More information on this subject will likely come in the conference call, which is about to begin.

Update: Goodman is moving to Virginia. He said his family wanted to be closer to relatives after the sudden death of a close family member. He will continue to work for the company in a new position, but not CFO.

Also, RealNetworks had an astonishing $781.3 million in cash in the bank as of Dec. 31. Chief executive Rob Glaser said he's not giving details on what the company will do with all that money.

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