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EarthLink Reports Fourth Quarter Results

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EarthLink announced financial results for its fourth quarter and full year ending December 31, 2004.

The company reported that its quarterly profit more than tripled, boosted by cost controls, but sales fell short of analysts’ expectations.

“EarthLink achieved record net income in 2004, benefiting from greater operational efficiencies and lower telecommunications costs,” said Garry Betty, EarthLink president and CEO. “Looking ahead to 2005, we plan to use portions of our cash flow and profits to invest in exciting new initiatives that can potentially transform our business and generate new sources of revenue.

“In particular, the recent announcement of our wireless joint venture with SK Telecom reflects our mission to be the nation’s next generation ISP. In addition to offering innovative wireless services and applications, we will also take advantage of the growing convergence of data and voice technologies to launch expanded VoIP and other wireline voice services.”

The company ended the quarter with 5.4 million total subscribers, a 3.5% increase from the previous year, but it suffered a decrease in its most profitable customers.

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EarthLink Reports Fourth Quarter Results
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