Revenue Down, Profit Up at CenturyLink
Call it a mixed bag for CenturyLink in its second-quarter financial results.
The Monroe, La.-based communications giant saw revenue slip from $4.61 billion in Q2 2012 to $4.53 billion last quarter. The drop was driven by lower legacy services revenue primarily the impact of access-line losses (landlines) and lower access revenue, the company said. Those were partially offset, however, by increases in business-customer demand for high-bandwidth data services, colocation and managed hosting services. Also a factor was growth in CenturyLink Prism TV subscribers 12,200 last quarter.
The profit numbers look really good, tripling compared to the same period last year due to a Q2 2012 loss on early retirement of debt, MarketWatch noted. Excluding that, profit was still up 4 cents per share, to $269 million.
CenturyLink ended the quarter with 5.91 million high-speed Internet subscribers, down 8,400 from the previous quarter due to what the company calls “typical seasonality” and weaker-than-expected sales from its consumer-product partners.
The company tells Channel Partners that its Channel Alliance is having another “out-performing” year.
Follow senior online managing editor
@Craig_Galbraith
on Twitter.
