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                                                                    EXHIBIT 23.2
 
                   REPORT AND CONSENT OF INDEPENDENT AUDITORS
 
The Board of Directors
RealNetworks, Inc.:
 
   
     The audits referred to in our report dated October 10, 1997 included the
related financial statement schedule for the period from February 9, 1994
(inception) to December 31, 1994, the years ended December 31, 1995 and 1996,
and the nine months ended September 30, 1997 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
   
October 15, 1997