EarthLink, Inc. today announced financial results for its third quarter ended September 30, 2007. Highlights include:
- Revenue of $298.8 million
- Loss from operations of $(35.9) million
- Adjusted EBITDA (a non-GAAP measure) of $37.9 million
- Net loss of $(79.4) million, or $(0.65) per share, which includes a$(41.9) million, or $(0.34) per share, Helio equity loss and a $(54.8)million, or $(0.45) per share, facility exit and restructuring charge.
Where is the growth? 6.8% growth came from advertising, search and incremental services (whatever that is!). Consumer access services revenue dropped 13%, "driven by declines in narrowband subscribers. Additionally, business services revenues decreased to $46.8 million, or 2.9 percent. This was due to decreases in legacy business services like web-hosting and business narrowband, partially offset by increases in small and medium enterprise access services. Overall revenues decreased to $298.8 million, or 9.8 percent, compared to the third quarter of 2006." [techlinks]
"In the third quarter Helio generated $51.7 million in revenue, while its net loss was $(92.3) million, as it continued to make investments in infrastructure, products and marketing to support future growth."
"EarthLink ended the third quarter with $333.8 million in cash and marketable securities, an increase of $175.7 million from the prior year quarter." But ELN fully expects to generate $200M in cash in 2008 and $1.1B in revenues in 2007. Meanwhile, AT&T in Q307: $30.1 billion.