View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data Centre
February 9, 2010

Level 3 Q4 revenue down to $924m

Sees continued improvement in customer buying behaviour

By CBR Staff Writer

Level 3 has reported revenue of $924m for the fourth quarter 2009, compared to revenue of $1.05bn for the same period last year. Total communications revenue was down to $906m from $1.03bn.

The company posted an operating loss of $43m for the fourth quarter of 2009, compared to an operating income of $82m for the fourth quarter of 2008. Adjusted EBITDA was $217m, compared to $271m.

For the fourth quarter ended December 31, 2009, the company posted net loss of $182m, or $0.11 per share compared to net income of $43m, or $0.03 per basic share and a net loss of $0.04 per diluted share.

For full year 2009, the company reported revenue of $3.76bn, compared to $4.30bn in 2008. Operating loss was $65m, compared to an operating income of $31m. The net loss for 2009 was $618m, or $0.38 per share, compared to net loss of $318m, or $0.20 per share.

James Crowe, CEO of Level 3, said: “We saw continued improvement in customer buying behaviour during the fourth quarter 2009, which contributed to sequential growth in both core network services revenue and sales. And we were pleased to deliver positive free cash flow in both the fourth quarter 2009 and for the full year 2009, while continuing to invest in expanding our sales force and local market infrastructure.”

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

Topics in this article :
Websites in our network
Select and enter your corporate email address 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.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.