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Monday, November 06, 2006

RealNetworks reports leap in quarterly earnings

Digital media company RealNetworks on Monday reported a sharply higher net profit, boosted by proceeds from the settlement of its antitrust litigation against Microsoft and commercial agreements with the software giant.

Net income was $42.2 million, or 24 cents per share, compared with $11.2 million, or 6 cents per share, in last year's third quarter.

Third quarter revenue rose to $93.7 million from $82.2 million in the year-ago period.
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