View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
October 13, 1998

COMPANY RESULT: EARTHLINK NETWORK INC

By CBR Staff Writer

EarthLink Network Inc, Pasadena, California-based internet service provider, has reported a third-quarter net loss of $18.8m on revenue up 137.2% at $49.8m, compared to a loss of $7.2m a year ago. Nine-month net loss was $37.2m on revenue up 108.5% at $117.6m, against a loss of $23.3m last year. Results for the quarter include a $17.8m charge for the amortization of assets related to the company’s acquisition of Sprint Corp’s dial-up internet business. Net of the charge, loss for the quarter would have been about $1.1m, or $0.04 per share, beating First Call’s estimate of a loss of $0.12. During the quarter, EarthLink increased its subscriber base by 105,000 to 815,000, a 14.8% increase over the preceding quarter.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU