Digital Pandit
Well-Known Member
Endurance International Group (NASDAQ: EIGI) reported fourth quarter and full year 2018 earnings this morning.
Revenue, adjusted EBITDA and subscriber numbers were all down quarter-over-quarter and year-over-year.
2018 revenue was $1,145.3 million, compared to $1,176.9 million in 2017. Q4 revenue dropped from $294.2 million a year ago to $282.4 million in Q4 2018. Adjusted EBITDA dropped from $350.8 million in 2017 to $338.1 million in 2018. Q4 adjusted EBITDA dropped from $94.4 million in 2017 to $79.3 million in 2018. The subscriber base dropped from 5.051 million to 4.802 million at the end of 2018.
The drop was expected.
Source
Revenue, adjusted EBITDA and subscriber numbers were all down quarter-over-quarter and year-over-year.
2018 revenue was $1,145.3 million, compared to $1,176.9 million in 2017. Q4 revenue dropped from $294.2 million a year ago to $282.4 million in Q4 2018. Adjusted EBITDA dropped from $350.8 million in 2017 to $338.1 million in 2018. Q4 adjusted EBITDA dropped from $94.4 million in 2017 to $79.3 million in 2018. The subscriber base dropped from 5.051 million to 4.802 million at the end of 2018.
The drop was expected.
Source
