updated 5/4/2005 8:30:23 PM ET 2005-05-05T00:30:23

RealNetworks Inc., which produces digital media and software, on Wednesday reported net income of $814,000 for the first quarter of 2005, compared to a net loss of $10.4 million for the first quarter one year ago. The company cited strong revenue from Internet-based music and games subscriptions.

Earnings were just under half-a-penny per share versus a loss of 6 cents per share in the year-ago period. Analysts surveyed by Thompson Financial had predicted a loss of 1 cent per share.

RealNetworks said that if it hadn’t spent $3.7 million during the quarter in its antitrust litigation against Microsoft Corp., it would have made $4.6 million, or 2 cents a share. The company sued Microsoft for $1 billion in 2003, claiming Microsoft had abused its alleged monopoly in the personal computer market to dominate the digital-media market.

“We grew our way back to profitability, which is what we wanted to do,” RealNetworks chief executive Rob Glaser said.

Revenue jumped 27 percent, from $60.4 million for the first quarter of 2004 to $76.6 million last quarter — record quarterly revenue for the company. The company took in $22.2 million from selling music online, up from $11.9 million a year ago, and $12.2 million from selling downloadable games, up from $6.8 million a year ago.

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