Thursday, August 02, 2007

L3 2Q results

Level(3)'s financials for 2Q07 are out, but flat.
  • Consolidated Revenue of $1.052 billion
  • Net Loss of $202 million
  • Consolidated Adjusted EBITDA of $193 million (Huh?)
  • Completed acquisition of Servecast Limited, a provider of live and on-demand video management and streaming services in July 2007
  • Revenues flat quarter to quarter
  • The increase in Core Comm. Revenue was due primarily to the growth in long-haul transport services and Vyvx broadcast services.
  • SBC Contract money decreased by just 8%
  • Other Communications Services revenue declined by 15% to $71M during the quarter, primarily as a result of expected declines in managed modem services.
  • As of 6/30/07, the company had cash and marketable securities of approx. $807M.

No comments: