The games division of RealNetworks [NASDAQ:RNWK] reported sales of $29.8 million for its second quarter ended June 30, 2009.
This is a drop of 15 percent year-on-year, and a drop of 9 percent compared the company's first quarter.
Real sells casual web games through portals such as RealArcade.com, GameHouse.com and Zylom.com, mobile games via carriers, and directly on the App Store.
Its best known releases include the likes of Tiki Towers, Sally's Salon and the Playman series, and licences including South Park.
In FY2008, its total games sales were $135 million.
Overall Q2 revenue for the company, which is split into technology and consumer (music, media software and games) parts, was $135.7 million, down 11 percent year-on-year.
Net loss was $188.3 million or $1.40 per share, compared with a net loss of $1.3 million, or $0.01 per share, in the second quarter of 2008
The company has $363 million in cash and short term investments.
This performance was partly put down to foreign currency exchange rate fluctuations negatively affected revenue by around $6.3 million. Of course, the high level of uncertainty regarding consumer spending and global economic trends were also highlighted.
"Looking forward, even though we expect the economy to remain weak, we expect to show sequential improvement in the second half of the year based in part on new products such as our innovative RealPlayer SP," said Rob Glaser, RealNetworks' Chairman and CEO.
RealPlayer SP is the company's new media player, which includes support for the Blackberry, iPod, iPhone and game consoles.
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
12 hours, 44 minutes ago
Delta game emulator hits No. 1 on the App Store download charts in 35 countries
News
Apr 19th, 2024
Week in Views - The search for skills, billion dollar birthdays and terrific transmedia
News
Apr 19th, 2024
Get practical tips into key game development tools and methodologies at the Dubai GameExpo Summit
News
Apr 19th, 2024
Week in Views - The search for skills, billion dollar birthdays and terrific transmedia
Feature
Apr 19th, 2024
New release roundup: Take That: This is Life, Neopets: Tales of Dacardia, Persona 5: The Phantom X and more
Feature
Apr 19th, 2024
Speaker Spotlight: Xsolla's Chris Meredith on making the most of D2C and today's revenue opportunities
Events
Arts DAO Fest 2.0 | Middle East | Apr 20th |
App Promotion Summit London | Europe | Apr 25th |
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Popular Stories
Feature
Apr 15th, 2024
46 top mobile games in soft launch: CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, Candy Crush Blast, and more
News
Apr 17th, 2024