CDN Level 3 reports lower revenues, earnings in Q2

Content delivery network Level 3 continued to chalk up losses in the second quarter, recording a net loss of $169 million, down from $238 million in the previous quarter, but up from $134 million a year ago.

Revenues also were down, to $908 million from $910 million in Q1 and $934 million a year ago.

But the company nonetheless sounded a bright note, saying revenue from core network services rose sequentially on a constant currency basis.

"As we said last quarter, we expected to see sequential growth in our Core Network Services revenue for the rest of 2010," said James Crowe, CEO of Level 3. "Core Network Services revenue grew sequentially by approximately 1 percent, excluding the $7 million asset sale in the first quarter 2010. Our Core Network Services sales increased for the third consecutive quarter, and we believe this is a good indicator of the improved performance we expect in the second half of the year."

For more:
- see this release
- see this FierceTelecom story

Related articles:
Level 3 reports Q1 earnings decline
Level 3 drives down latency for financial centers
Karl Strohmeyer, Senior VP of Wholesale for Level 3 Communications - Wholesale Allstars
Level 3 simplifies Ethernet interconnection through CENX
Level 3 targets Europe's low latency network needs

Suggested Articles

Peacock keeps racking up the sign-ups but still isn’t revealing much about how many people are using the service and how often.

Speculation about a price increase has been swirling for months and now Netflix has confirmed rate hikes for its two most expensive plans.

DAZN, a subscription sports streaming service, said that it will expand to more than 200 countries and territories beginning December 1.