Endurance International Group reports declining numbers

Digital Pandit

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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
 

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