Earnings are in for Real Networks third quarter of 2006 and they're checkin' some Real bank. Reporting record revenue of $93.7 million dollars, and a net income of $42.2 million puts them on pretty solid footing moving forward. I'm not hyped about the prospects for Real's attempt to take down Apple in conjunction with Sandisk and Best Buy but, I'm glad someone with a positive cash flow (whose name doesn't start with M S) is there to give Apple a little competition in the proprietary player+service tethered device market.

A bit more pessimistic Glenn Coolfer would like to remind us, "It should be noted that a generous chunk of that [is] the Microsft impact plus other items -- equity investment gains, stock-based comapensation expenses and tax impacts of the items -- [real] net income was $8.7 million." Gee Glenn, way to rain on our parade with logic, reason and an accurate look into some numbers.

[via PR Newswire]