EarthLink High-Speed Profits Offset Dial-Up Drop
First quarter figures show the Internet provider has returned to profitability despite dial-up losses.
Atlanta-based EarthLink Inc. reported net income of $33.3 million USD, or 22 cents a share, for the first quarter, compared to a net loss of 7 cents per share a year earlier.
High-speed subscribers powered the Internet service provider, as subscriptions to faster services increased 26% to 1.5 million. However, dial-up customer numbers fell to 3.8 million over the same period.
EarthLink expects to add subscribers in the second quarter, from 50,000 to 75,000, as it develops new broadband and dial-up products for the market.
David Utter is a staff writer for WebProNews covering technology and business. Email him here.