1
 
                                                                    EXHIBIT 23.2
 
                   REPORT AND CONSENT OF INDEPENDENT AUDITORS
 
The Board of Directors
RealNetworks, Inc.:
 
     The audits referred to in our report dated March 14, 1997 included the
related financial statement schedule for the period from February 9, 1994
(inception) to December 31, 1994 and the years ended December 31, 1995 and 1996,
included in the registration statement on Form S-1 of RealNetworks, Inc. This
financial statement schedule is the responsibility of the Company's management.
Our responsibility is to express an opinion on this financial statement schedule
based on our audits. In our opinion, such financial statement schedule, when
considered in relation to the consolidated financial statements taken as a
whole, presents fairly in all material respects the information set forth
therein.
 
     We consent to the use of our reports and to the reference of our firm under
the headings "Summary Consolidated Financial Data", "Selected Consolidated
Financial Data" and "Experts" in the prospectus.
 
                                                           KPMG Peat Marwick LLP
 
Seattle, Washington
September 26, 1997