Friday, February 8, 2013

Zayo's Quarter Revenue Reaches $243 Million, Loss Narrows

Zayo reported revenue of $243.5 million for the quarter ended 31-December-2012, a $13.8 million sequential quarter increase. Adjusted EBITDA for the quarter was $137.3 million, which was $14.7 million higher than the prior quarter. There was a loss from continuing operations of $20.0 million for the quarter,  which was $33.4 million lower than the $53.4 million net loss for the previous quarter..

Contributing to the sequential quarterly revenue increase of $13.8 million were the acquisitions of FiberGate, US Carrier and First Telecom Services.  Also contributing to the revenue growth was positive net installations during the quarter.  Zayo said this increase in revenue related to organic growth was partially offset by total customer churn of $3.3 million in monthly revenue during the quarter.   

Zayo's financial backers include eight leading telecom investment firms.