Wednesday, March 30, 2011

XO Posts Q4 Revenue of $390.3 million, up 4%

XO Holdings reported total revenue for the fourth quarter of 2010 was $390.3 million, an increase of $14.5 million, or 4%, compared to the year-ago period. Adjusted EBITDA was $59.2 million in the fourth quarter of 2010 compared to $43.3 million in the year-ago period. Net loss for the fourth quarter 2010 was $6.5 million compared to $13.3 million net income for the year-ago period. The company said its Q4 net loss was primarily due to a $20.0 million impairment charge related to its LMDS licenses.



Total revenue for 2010 was $1.5 billion, an increase of $8.0 million, or less than 1%, compared to 2009. Adjusted EBITDA (a non-GAAP financial measure) increased 25% to $191.1 million for 2010 compared to $152.6 million for 2009. Net loss for 2010 was $11.8 million compared to $21.8 million net income in 2009.http://www.xo.com

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