- EarthLink Holdings (NASDAQ:ELNK +1.1%) reported out Q3 results where it beat expectations on top and bottom lines despite revenue that slipped 9% and a net loss that widened to $10.5M from a $2M loss last year.
- The company pointed to strong cash flow, though, with net cash from operations of $74M (up 19% Y/Y and up 122% sequentially) and unlevered free cash flow of $39.4M (vs. year-ago $34.1M), which it used to strengthen the balance sheet.
- Adjusted EBITDA of $61.4M was up 4.1% and beat an expected $56M.
- Revenue by segment: Business services, $217.1M (down 8.4%); Consumer services, $53.8M (down 11.4%). Of Business Services revenue, $110M was in enterprise/mid-market; $72.9M in small business; and $34.2M in carrier/transport.
- Shares were flat in after-hours trading.
- Conference call to come tomorrow at 8:30 a.m. ET.
- Press Release