Monday, February 5, 2007

Earthlink's Broadband Revenue Exceeds Narrowband for First Time

Earthlink's broadband revenues have surpassed it narrowband revenues for the first time. During Q4, the company's broadband revenues increased to $150.3 million, or 35.0 percent, compared to the fourth quarter of 2005, driven by its acquisition of New Edge Networks.
During the fourth quarter of 2006, EarthLink added 29,000 net broadband customers, which included a one-time reduction of 19,000 subscribers related to a broadband partner's database reconciliation. Additionally, the net growth in broadband customers included 12,000 net voice subscribers, which was EarthLink's best quarter for voice subscriber additions.

For the quarter, narrowband revenues decreased 15.8 percent to $145.2 million and web-hosting revenues declined 12.0 percent to $8.4 million. Net narrowband subscribers declined by 29,000 to end the quarter at 3.3 million, a 7.8 percent decrease from the fourth quarter of 2005. EarthLink ended the quarter with 112,000 web hosting accounts, a decrease of 11.8 percent from the fourth quarter of 2005.
For the quarter, total revenues increased to $328.2 million, a 5.0 percent increase from the fourth quarter of 2005.


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