Web hoster Interland reports declining revenue but positive EBITDA

Interland, which provides Web hosting and services to small and medium businesses, reported results after close this evening for the quarter ending November 30th. The good news:

EBITDA was positive, at $2 million, and is expected to be positive
again next quarter. The bad news: revenues were down year over year, at
$23.1 million, versus $26.7 million last year. And the company booked
an operating loss of $3.8 million.

The Web hosting business is brutally competitive, and prices
continue to fall. Interland said that its average monthly recurring
charge billed to customers was $77 thousand lower than it was the
previous quarter. Its financial results improved because the company
has cut costs.

Conference call is Tuesday 8 AM EST. One year chart below. Press release here.