Windstream Makes Money, Cuts High-Speed Internet Subscriber Losses

By Craig Galbraith Comments
Print

**Editor's Note: Click here for a recap of how some of the biggest names in communications fared in Q4 2012.**

Expenses were up for Windstream Communications in the fourth quarter, but so were revenues, helping the company turn a profit.

Windstream reported a Q4 2012 profit of $10.1 million, compared to a loss of nearly $35 million in the year-ago quarter. Revenue was up a stellar 28 percent, to more than $1.5 billion. That was almost exactly in line with analysts' projections.

Costs from the integration of mergers – notably PAETEC, which it bought in 2011 for $2.3 billion – were down, MarketWatch noted. The only real sour news was the loss of 1,700 high-speed Internet customers; however, that was much less than the 8,300 it lost in Q4 2011.

Business-service revenues were $917 million, a 3 percent increase year-over-year. Total business and consumer broadband revenues now represent 70 percent of the company's total revenues.

"We made significant progress on key initiatives in 2012 that will further strengthen our business going forward. I am particularly proud of our team's accomplishments in navigating the multi-year impact of regulatory reform and evolving consumer preferences while maintaining solid operating cash flow," said Jeff Gardner, president and CEO.

Windstream's stock was up a little less than 1 percent in Tuesday's trading, as of 11:32 a.m. ET.

Comments
comments powered by Disqus