SEATTLE, Aug. 5, 2015 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK), a leader in personal digital entertainment, today announced results for the second quarter ended June 30, 2015.

For the second quarter of 2015, revenue was $34.0 million, compared to $30.6 million in the previous quarter and $40.8 million in the second quarter of 2014.

"During the quarter, we launched RealTimes(TM), a breakthrough product which provides the fastest and easiest way for consumers to get the most out of their personal photos and videos," said Rob Glaser, Chairman and CEO of RealNetworks. "RealTimes, which automatically creates personalized stories that can be easily customized and shared, is off to a great start with over 2 million users in the first 2 months.

"We are also pleased to report continued strong growth at the Rhapsody music service, in which we play a significant role and have a large ownership stake, which recently announced that it has surpassed 3 million paying subscribers.

"At the same time that we're investing in the roll out of RealTimes, we are also taking steps to focus RealNetworks on its best opportunities, generating cash from non-core assets and reducing operating expenses. Our announced sale of our Slingo and social casino games business for $18 million is a significant step in support of these objectives."

GAAP net loss for the second quarter of 2015 was $(27.8) million or $(0.77) per diluted share, compared to $(21.0) million or $(0.59) per diluted share in the second quarter of 2014. GAAP results for the second quarter of 2015 include $2.0 million severance and restructuring related to the Company's ongoing cost reduction efforts. Adjusted EBITDA for the second quarter of 2015 was a loss of $(15.2) million, compared to $(13.1) million for the second quarter of 2014. A reconciliation of GAAP operating income (loss) to adjusted EBITDA is provided in the financial tables that accompany this release.

As of June 30, 2015, the company had $111.0 million in unrestricted cash, cash equivalents and short-term investments, compared to $134.4 million as of March 31, 2015.

Business Outlook

For the third quarter of 2015, RealNetworks expects total revenue in the range of $29.0 million to $32.0 million and an adjusted EBITDA loss for the third quarter in the range of $(15.0) million to $(18.0) million, excluding the impact of the pending divestiture of the Slingo and social casino games business. Including the impact of the pending sale, we expect total revenue in the range of $27.0 million to $30.0 million and an adjusted EBITDA loss in the range of $(14.0) million to $(17.0) million.

Webcast and Conference Call Information

The company will host a conference call today to review results and discuss the company's performance at 5 p.m. ET/2 p.m. PT. You may join the conference call by calling 888-790-3440 or +1-517-308-9350 (Passcode: Second Quarter Earnings). A live webcast of the call will be available at http://investor.realnetworks.com/ and an on-demand webcast will be available approximately one hour following the conclusion of the conference call. A telephonic replay will be available until 11:59 p.m. PT, August 26, 2015 by calling 866-431-7918 or +1-203-369-0978 (Passcode: 852015).

For More Information

Michael Newman, StreetConnect
Investor Relations for RealNetworks
+1-206-729-3625
IR@realnetworks.com

RNWK-F

About RealNetworks

RealNetworks creates innovative applications and services that make it easy to connect with and enjoy digital media. RealNetworks invented the streaming media category in 1995 and continues to connect consumers with their digital media both directly and through partners, aiming to support every network, device, media type and social network. RealNetworks' corporate information is located at www.realnetworks.com/about-us.

RealNetworks, RealPlayer, RealTimes and Slingo are trademarks or registered trademarks of RealNetworks, Inc. or its subsidiaries. All other companies or products listed herein are trademarks or registered trademarks of their respective owners.

About Non-GAAP Financial Measures

To supplement RealNetworks' consolidated financial information presented in accordance with GAAP in this press release, the company also discloses certain non-GAAP financial measures, including adjusted EBITDA and adjusted EBITDA by reportable segment, which management believes provide investors with useful information.

In the financial tables of our earnings press release, RealNetworks has included reconciliations of GAAP operating income (loss) to adjusted EBITDA and to adjusted EBITDA by reportable segment.

The rationale for management's use of non-GAAP measures is included in the supplementary materials presented with the quarterly earnings materials. Please refer to Exhibit 99.2 ("Information Regarding Non-GAAP Financial Measures") to the company's report on Form 8-K, which is being submitted today to the SEC.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements relating to RealNetworks' current expectations regarding future revenue and adjusted EBITDA (both with and without the impact of the pending games sale), our future growth, profitability, and market position, our strategic focus and initiatives, and the growth and future prospects relating to our Rhapsody affiliate. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements reflect RealNetworks' expectations as of today, and actual results may differ materially from the results predicted. Factors that could cause actual results to differ from the results predicted include: RealNetworks' ability to realize operating efficiencies, growth and other benefits from the implementation of its growth plan, strategic initiatives, and restructuring efforts; the emergence of new entrants and competition in the market for digital media products and services; other competitive risks, including the growth of competing technologies, products and services; the potential outcomes and effects of claims and legal proceedings on RealNetworks' business, prospects, financial condition or results of operations; risks associated with key customer or strategic relationships, business acquisitions and the introduction of new products and services; changes in consumer and advertising spending in response to disruptions in the global financial markets; fluctuations in foreign currencies; and changes in RealNetworks' effective tax rate. More information about potential risk factors that could affect RealNetworks' business and financial results is included in RealNetworks' annual report on Form 10-K for the most recent year ended December 31, its quarterly reports on Form 10-Q and in other reports and documents filed by RealNetworks from time to time with the Securities and Exchange Commission. The preparation of RealNetworks' financial statements and forward-looking financial guidance requires the company to make estimates and assumptions that affect the reported amount of assets and liabilities, and revenues and expenses during the reported period. Actual results may differ materially from these estimates under different assumptions or conditions. The company assumes no obligation to update any forward-looking statements or information, which are in effect as of their respective dates.



                                                                            RealNetworks, Inc. and Subsidiaries

                                                                      Condensed Consolidated Statements of Operations

                                                                                        (Unaudited)


                                                         Quarters Ended                                              Six Months Ended
                                                            June 30,                                                     June 30,
                                                            --------                                                     --------


                                                 2015                   2014                      2015                     2014
                                                 ----                   ----                      ----                     ----

                                                                (in thousands, except per share data)


     Net revenue                                        $33,954                                           $40,825                         $64,551       $86,549

     Cost of revenue                           19,832                             20,786                                36,379              39,572

     Extinguishment of liability                    -                                 -                                    -           (10,580)

               Gross profit                    14,122                             20,039                                28,172              57,557
                                               ------                             ------                                ------              ------


     Operating expenses:

           Research and development            11,801                             13,267                                24,180              27,326

           Sales and marketing                 14,047                             16,016                                26,884              37,739

           General and administrative           7,008                              8,577                                14,291              17,894

           Restructuring and other charges      1,964                                541                                 2,449               1,757

           Lease exit and related charges           9                                470                                    87                 549
                                                  ---                                ---                                   ---                 ---


               Total operating expenses        34,829                             38,871                                67,891              85,265
                                               ------                             ------                                ------              ------


     Operating income (loss)                 (20,707)                          (18,832)                             (39,719)           (27,708)
                                              -------                            -------                               -------             -------


     Other income (expenses):

           Interest income, net                   250                                180                                   450                 316

           Gain (loss) on sale of available
            for sale securities, net               94                                  -                                  393               2,371

           Equity in net loss of Rhapsody     (6,916)                           (1,802)                             (13,096)            (2,640)

           Other income (expense), net          (112)                              (95)                                  331               (172)
                                                 ----                                ---                                   ---                ----


               Total other income (expense),
                net                           (6,684)                           (1,717)                             (11,922)              (125)
                                               ------                             ------                               -------                ----


     Income (loss) before income
      taxes                                  (27,391)                          (20,549)                             (51,641)           (27,833)

     Income tax expense (benefit)                 390                                480                                   609                 966
                                                  ---                                ---                                   ---                 ---


     Net income (loss)                                $(27,781)                                        $(21,029)                      $(52,250)    $(28,799)
                                                       ========                                          ========                        ========      ========


     Basic net income (loss) per
      share                                             $(0.77)                                          $(0.59)                        $(1.45)      $(0.80)

     Diluted net income (loss) per
      share                                             $(0.77)                                          $(0.59)                        $(1.45)      $(0.80)


     Shares used to compute basic net
      income (loss) per share                  36,106                             35,890                                36,105              35,865

     Shares used to compute diluted
      net income (loss) per share              36,106                             35,890                                36,105              35,865



                                    RealNetworks, Inc. and Subsidiaries

                                   Condensed Consolidated Balance Sheets

                                                (Unaudited)


                                             June 30,                   December 31,
                                                  2015                           2014
                                                  ----                           ----

                                                         (in thousands)

                                               ASSETS

     Current assets:

     Cash and
      cash
      equivalents                                          $92,663                      $103,253

     Short-term
      investments                               18,337                           58,453

     Trade
      accounts
      receivable,
      net                                       21,922                           15,257

     Deferred
      costs,
      current
      portion                                      305                              702

     Deferred tax
      assets,
      current                                      645                              652

     Prepaid
      expenses
      and other
      current
      assets                                     9,108                            8,980
                                                 -----                            -----

       Total
        current
        assets                                 142,980                          187,297
                                               -------                          -------


    Equipment, software, and
     leasehold improvements, at
     cost:

     Equipment
      and
      software                                  71,552                           74,100

     Leasehold
      improvements                               3,737                            3,590
                                                 -----                            -----

       Total
        equipment,
        software,
        and
        leasehold
        improvements                            75,289                           77,690

     Less
      accumulated
      depreciation
      and
      amortization                              61,886                           61,442
                                                ------                           ------

       Net
        equipment,
        software,
        and
        leasehold
        improvements                            13,403                           16,248


     Restricted
      cash
      equivalents
      and
      investments                                3,000                            3,000

     Investment
      in and
      advances to
      Rhapsody                                   5,121                           10,000

     Available
      for sale
      securities                                 2,394                            2,676

     Other assets                                3,187                            2,299

     Deferred
      costs, non-
      current
      portion                                      204                              316

     Deferred tax
      assets,
      net, non-
      current
      portion                                      916                              999

     Other
      intangible
      assets, net                                9,181                           10,109

     Goodwill                                   17,001                           17,355
                                                ------                           ------


       Total assets                                       $197,387                      $250,299
                                                          ========                      ========


                                LIABILITIES AND SHAREHOLDERS' EQUITY


     Current liabilities:

     Accounts
      payable                                              $18,241                       $18,653

     Accrued and
      other
      current
      liabilities                               22,803                           25,286

     Deferred tax
      liabilities,
      net,
      current
      portion                                    1,580                            1,628

     Deferred
      revenue,
      current
      portion                                    3,637                            5,301
                                                 -----                            -----

       Total
        current
        liabilities                             46,261                           50,868


     Deferred
      revenue,
      non-
      current
      portion                                      124                              235

     Deferred
      rent                                       1,240                            1,215

     Deferred tax
      liabilities,
      net, non-
      current
      portion                                      693                              702

     Other long-
      term
      liabilities                                  458                               81
                                                   ---                              ---


       Total
        liabilities                             48,776                           53,101
                                                ------                           ------



      Shareholders'
      equity                                   148,611                          197,198
                                               -------                          -------


     Total
      liabilities
      and
      shareholders'
      equity                                              $197,387                      $250,299
                                                          ========                      ========



                                          RealNetworks, Inc. and Subsidiaries

                                    Condensed Consolidated Statements of Cash Flows

                                                      (Unaudited)


                                                                Six Months Ended
                                                                    June 30,
                                                                    --------

                                                       2015                     2014
                                                       ----                     ----

                                                               (in thousands)


     Cash flows from operating activities:

     Net income (loss)                                        $(52,250)                          $(28,799)

     Adjustments to reconcile net income (loss) to net cash used in operating activities:

      Depreciation and
       amortization                                   4,894                                6,145

      Stock-based compensation                        2,583                                3,010

      Extinguishment of
       liability                                          -                            (10,580)

      Equity in net loss of
       Rhapsody                                      13,096                                2,640

      Deferred income taxes, net                       (23)                                  10

      Gain on sale of available
       for sale securities                            (393)                             (2,371)

      Realized translation gain                           -                                (48)

      Fair value of warrants,
       net of mark to market
       adjustments                                  (1,128)                                   -

      Interest receivable on
       advance to Rhapsody                            (121)                                   -

       Net change in certain
        operating assets and
        liabilities                                (10,230)                               (785)
                                                    -------                                 ----

        Net cash provided by (used
         in) operating activities                  (43,572)                            (30,778)
                                                    -------                              -------

     Cash flows from investing activities:

      Purchases of equipment,
       software, and leasehold
       improvements                                   (859)                             (1,689)

      Proceeds from sale of
       available for sale
       securities                                       459                                2,754

      Purchases of short-term
       investments                                  (8,514)                            (48,326)

      Proceeds from sales and
       maturities of short-term
       investments                                   48,630                               52,663

      Acquisitions, net of cash
       acquired                                       (161)                               (733)

      Advance to Rhapsody                           (5,000)                                   -

      Other                                               -                               (467)
                                                        ---                                ----

       Net cash provided by (used
        in) investing activities                     34,555                                4,202
                                                     ------                                -----

     Cash flows from financing activities:

      Proceeds from issuance of
       common stock (stock
       options and stock
       purchase plan)                                   276                                  580

      Tax payments from shares
       withheld upon vesting of
       restricted stock                                (10)                               (307)

      Payment of contingent
       consideration                                      -                               (696)

       Net cash provided by (used
        in) financing activities                        266                                (423)
                                                        ---                                 ----

     Effect of exchange rate
      changes on cash and cash
      equivalents                                   (1,839)                                 214
                                                     ------                                  ---

       Net increase (decrease) in
        cash and cash equivalents                  (10,590)                            (26,785)

     Cash and cash equivalents,
      beginning of period                           103,253                              151,235
                                                    -------                              -------

     Cash and cash equivalents,
      end of period                                             $92,663                            $124,450
                                                                =======                            ========




                                                                                    RealNetworks, Inc. and Subsidiaries

                                                                                    Supplemental Financial Information

                                                                                                (Unaudited)


                                                       2015                                                                        2014
                                                       ----                                                                        ----

                                     Q2             Q1            Q4                  Q3                   Q2                   Q1
                                    ---            ---           ---                 ---                  ---                  ---

                                                                 (in thousands)

    Net Revenue by Line of Business

    RealPlayer Group (A)                    $7,344                           $8,013                                    $8,865                   $6,565         $8,556 $15,215

    Mobile Entertainment (B)        18,515                14,480                      17,616                            19,190          23,182         19,913

    Games (C)                        8,095                 8,104                       9,025                             8,402           9,087         10,596

         Total net revenue                 $33,954                          $30,597                                   $35,506                  $34,157        $40,825 $45,724
                                           =======                          =======                                   =======                  =======        ======= =======


    Net Revenue by Product

    RealPlayer Group
    ----------------

    - License (D)                           $4,208                           $4,672                                    $4,496                   $3,255         $3,273  $5,018

    - Subscriptions (E)              2,435                 2,408                       2,691                             2,680           2,569          2,777

    - Media Properties (F)             701                   933                       1,678                               630           2,714          7,420


    Mobile Entertainment
    --------------------

    - SaaS (G)                      18,155                13,298                      16,727                            17,919          20,175         18,463

    -Technology License &
     Other (H)                         360                 1,182                         889                             1,271           3,007          1,450


    Games
    -----

    - License (I)                    3,943                 3,835                       3,854                             2,988           3,399          3,849

    - Subscriptions (J)              3,373                 3,570                       3,947                             4,320           4,440          5,241

    - Media Properties (K)             779                   699                       1,224                             1,094           1,248          1,506
                                       ---                   ---                       -----                             -----           -----          -----


         Total net revenue                 $33,954                          $30,597                                   $35,506                  $34,157        $40,825 $45,724
                                           =======                          =======                                   =======                  =======        ======= =======


    Net Revenue by Geography

    United States                          $12,303                          $12,349                                   $13,860                  $12,280        $15,092 $20,428

    Rest of world                   21,651                18,248                      21,646                            21,877          25,733         25,296
                                    ------                ------                      ------                            ------          ------         ------

         Total net revenue                 $33,954                          $30,597                                   $35,506                  $34,157        $40,825 $45,724
                                           =======                          =======                                   =======                  =======        ======= =======


    Net Revenue by Line of Business

    (A) The RealPlayer Group primarily includes revenue from RealPlayer and related products, such as the
     distribution of third-party software products, advertising on RealPlayer websites, and sales of
     RealPlayer Plus software licenses to consumers, sales of intellectual property licenses, and consumer
     subscriptions such as our RealPlayer Cloud and its successor application, RealTimesTM, and SuperPass.

    (B) The Mobile Entertainment division primarily includes revenue from SaaS services and sales of
     professional services provided to mobile carriers.

    (C) The Games division primarily includes revenue from sales of games licenses, online games subscription
     services, advertising on games sites and social network sites, microtransactions from online and social
     games, and sales of mobile games.

    Net Revenue by
     Product

    (D) Licensing revenue within the RealPlayer Group includes sales of intellectual property licenses and
     RealPlayer Plus software licenses to consumers.

    (E) Subscriptions revenue within the RealPlayer Group includes revenue from subscriptions such as our
     RealPlayer Cloud, RealTimes and SuperPass offerings.

    (F) Media Properties revenue within the RealPlayer Group includes distribution of third-party software
     products and advertising on RealPlayer websites.

    (G) SaaS revenue within Mobile Entertainment includes revenue from music on demand, ringback tones,
     intercarrier messaging services provided to network services providers who are largely mobile phone
     networks.

    (H) Technology licensing and other revenue within Mobile Entertainment includes revenue from professional
     services provided to mobile carriers.

    (I) Licensing revenue within Games includes retail games-related revenue and sales of mobile games.

    (J) Subscriptions revenue within Games includes revenue from online games subscriptions as well as
     microtransactions from mobile and social games.

    (K) Media Properties revenue within Games includes distribution of third-party software products and
     advertising on games sites and social network sites.



                                                                        RealNetworks, Inc. and Subsidiaries

                                                                           Segment Results of Operations

                                                                                    (Unaudited)


                                                 2015             2014                       2015             2014
                                                 ----             ----                       ----             ----

                                Q2                Q1              Q2                       YTD              YTD
                                ---              ---              ---                      ---              ---

                                                          (in thousands)

    RealPlayer Group
    ----------------


    Net revenue                           $7,344                               $8,013                                   $8,556                  $15,357         $23,771

    Cost of revenue              4,317                 4,112                                   3,620                      8,429        7,138

    Gross profit                 3,027                 3,901                                   4,936                      6,928       16,633


       Gross margin                41%                  49%                                    58%                       45%         70%


    Operating expenses          13,001                12,375                                  12,489                     25,376       30,276
                                                                                                                                  ------

    Operating income (loss)             $(9,974)                            $(8,474)                                $(7,553)               $(18,448)      $(13,643)


      Adjusted EBITDA                   $(9,411)                            $(7,875)                                $(6,893)               $(17,286)      $(12,384)


    Mobile Entertainment
    --------------------


    Net revenue                          $18,515                              $14,480                                  $23,182                  $32,995         $43,095

    Cost of revenue             13,079                 9,506                                  14,298                     22,585       26,248

    Gross profit                 5,436                 4,974                                   8,884                     10,410       16,847


       Gross margin                29%                  34%                                    38%                       32%         39%


    Operating expenses           5,301                 5,633                                   9,424                     10,934       19,040
                                                                                                                                  ------

    Operating income (loss)                 $135                               $(659)                                  $(540)                  $(524)       $(2,193)


      Adjusted EBITDA                     $1,013                                 $225                                     $808                   $1,238            $469


    Games
    -----


    Net revenue                           $8,095                               $8,104                                   $9,087                  $16,199         $19,683

    Cost of revenue              2,286                 2,794                                   2,717                      5,080        5,846

    Gross profit                 5,809                 5,310                                   6,370                     11,119       13,837


       Gross margin                72%                  66%                                    70%                       69%         70%


    Operating expenses           8,719                 8,683                                   8,769                     17,402       18,535
                                                                                                                                  ------

    Operating income (loss)             $(2,910)                            $(3,373)                                $(2,399)                $(6,283)       $(4,698)


       Adjusted EBITDA                  $(2,354)                            $(2,783)                                $(1,798)                $(5,137)       $(3,472)


    Corporate
    ---------


    Net revenue                      $         -                       $           -                             $         -           $           -    $         -

    Cost of revenue                150                   135                                     151                        285          340

    Extinguishment of liability      -                    -                                      -                         -    (10,580)
                                                                                                                         ---     -------

    Gross profit                 (150)                (135)                                  (151)                     (285)    (10,240)


       Gross margin                N/A                  N/A                                    N/A                       N/A         N/A


    Operating expenses           7,808                 6,371                                   8,189                     14,179       17,414

    Operating income (loss)             $(7,958)                            $(6,506)                                $(8,340)               $(14,464)         $7,174


       Adjusted EBITDA                  $(4,449)                            $(3,741)                                $(5,198)                $(8,190)      $(11,612)


    Total
    -----


    Net revenue                          $33,954                              $30,597                                  $40,825                  $64,551         $86,549

    Cost of revenue             19,832                16,547                                  20,786                     36,379       39,572

    Extinguishment of liability      -                    -                                      -                         -    (10,580)

    Gross profit                14,122                14,050                                  20,039                     28,172       57,557


       Gross margin                42%                  46%                                    49%                       44%         67%


    Operating expenses          34,829                33,062                                  38,871                     67,891       85,265

    Operating income (loss)            $(20,707)                           $(19,012)                               $(18,832)               $(39,719)      $(27,708)


       Adjusted EBITDA                 $(15,201)                           $(14,174)                               $(13,081)               $(29,375)      $(26,999)



                                                                                                           RealNetworks, Inc. and Subsidiaries

                                                                                   Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment

                                                                                                                       (Unaudited)


                                                                                          2015                                2014              2015                     2014
                                                                                          ----                                ----              ----                     ----

                                                             Q2                          Q1                         Q2                        YTD                        YTD
                                                            ---                         ---                        ---                       ---                        ---

                                                                                                     (in thousands)

    RealPlayer Group
    ----------------


    Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment:


    Operating income (loss)                                           $(9,974)                                     $(8,474)                                   $(7,553)               $(18,448)    $(13,643)

    Acquisitions related intangible
     asset amortization                                         85                               88                                       125                                   173          185

    Depreciation and amortization                              478                              511                                       535                                   989        1,074

       Adjusted EBITDA                                                $(9,411)                                     $(7,875)                                   $(6,893)               $(17,286)    $(12,384)


    Mobile Entertainment
    --------------------


    Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment:


    Operating income (loss)                                               $135                                        $(659)                                     $(540)                  $(524)     $(2,193)

    Acquisitions related intangible
     asset amortization                                        299                              304                                       628                                   603        1,235

    Depreciation and amortization                              579                              580                                       720                                 1,159        1,427

       Adjusted EBITDA                                                  $1,013                                          $225                                        $808                   $1,238          $469


    Games
    -----


    Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment:


    Operating income (loss)                                           $(2,910)                                     $(3,373)                                   $(2,399)                $(6,283)     $(4,698)

    Acquisitions related intangible
     asset amortization                                        312                              293                                       314                                   605          628

    Depreciation and amortization                              244                              297                                       287                                   541          598
                                                               ---                              ---                                       ---                                   ---          ---

       Adjusted EBITDA                                                $(2,354)                                     $(2,783)                                   $(1,798)                $(5,137)     $(3,472)


    Corporate
    ---------


    Reconciliation of segment GAAP operating income (loss) to adjusted EBITDA by segment:


    Operating income (loss)                                           $(7,958)                                     $(6,506)                                   $(8,340)               $(14,464)     $(7,174)

    Other income (expense), net                              (112)                             443                                       (95)                                  331        (172)

    Depreciation and amortization                              394                              430                                       553                                   824          998

    Lease exit and related charges                               9                               78                                       470                                    87          549

    Restructuring and other charges                          1,964                              485                                       541                                 2,449        1,757

    Stock-based compensation                                 1,254                            1,329                                     1,673                                 2,583        3,010

    Extinguishment of liability                                  -                               -                                        -                                    -    (10,580)

       Adjusted EBITDA                                                $(4,449)                                     $(3,741)                                   $(5,198)                $(8,190)    $(11,612)


    Total
    -----


    Reconciliation of GAAP operating income (loss) to adjusted EBITDA:


    Operating income (loss)                                          $(20,707)                                    $(19,012)                                  $(18,832)               $(39,719)    $(27,708)

    Other income (expense), net                              (112)                             443                                       (95)                                  331        (172)

    Acquisitions related intangible
     asset amortization                                        696                              685                                     1,067                                 1,381        2,048

    Depreciation and amortization                            1,695                            1,818                                     2,095                                 3,513        4,097

    Lease exit and related charges                               9                               78                                       470                                    87          549

    Restructuring and other charges                          1,964                              485                                       541                                 2,449        1,757

    Stock-based compensation                                 1,254                            1,329                                     1,673                                 2,583        3,010

    Extinguishment of liability                                  -                               -                                        -                                    -    (10,580)

       Adjusted EBITDA                                               $(15,201)                                    $(14,174)                                  $(13,081)               $(29,375)    $(26,999)

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/realnetworks-announces-second-quarter-2015-results-300124328.html

SOURCE RealNetworks, Inc.