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Web Hosting Provider EarthLink Reports Second Quarter Earnings |
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July 21, 2006 – (HOSTSEARCH.COM) – Internet service and web hosting provider EarthLink, Inc. announced financial results for its second quarter ending June 30, 2006 recently. The report indicates that the company made a net income of $16.6 million (or $0.12 per share) with operations income of $27.2 million, adjusted EBITDA (a non-GAAP measure) income of $39.3 million and a free cash flow (a non-GAAP measure) of $31.5 million.
"EarthLink's core business continues to fuel our growth initiatives in voice, wireless and data services," suggested EarthLink’s President and Chief Executive Officer Garry Betty. "Internet voice, municipal Wi-Fi and Helio mobile devices are extending our reach and giving added incentive for new and existing customers to use EarthLink as their total communications provider. Entering the second half of the year, we expect to increase the number of markets where we offer EarthLink DSL and Home Phone Service, expand our national municipal Wi-Fi footprint, and extend HELIO's and New Edge Networks' distribution and marketing efforts."
During the second quarter of 2006 the company grew in areas such as broadband and value dial-up services and also added 116,000 net broadband subscribers. The company also had 1.4 million PeoplePC Online subscribers, 2 million premium narrowband subscribers, 1.8 million broadband subscribers and 119,000 web hosting accounts. |
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