Wednesday, October 20, 2004

EarthLink Reaches 1.3 Million Broadband, 4.0 Million Narrowband Users

EarthLink reported Q3 revenues of $344.0 million, a 1.0% decrease from the third quarter of 2003. Net income was $37.6 million, or $0.24 per share, compared to $3.5 million, or $0.02 per share, from Q3 2003. Some highlights:

  • Net subscriber additions of 67,000 during Q3, ending the period with 5.4 million paying subscribers.

  • Added 74,000 net broadband subscribers during the quarter and ended the quarter with 1.3 million broadband customers, an increase of 34% from a year ago.

  • Broadband subscribers now represent 23.7% of the total subscriber base. Broadband revenues were $104.9 million, an increase of 12.7% over the prior year quarter.

  • Added 133,000 net subscribers through PeoplePC Online, EarthLink's value-priced narrowband service, while it experienced a decrease of 136,000 net subscribers in its more mature premium narrowband service. The company ended the quarter with 4.0 million total narrowband subscribers, an increase of 3.4% from the third quarter of 2003. Total narrowband subscribers included 758,000 PeoplePC Online subscribers as of September 30, 2004 compared to 295,000 as of September 30, 2003.

  • EarthLink ended the quarter with 149,000 web hosting accounts, a decrease of 9.1% from a year ago.


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