Feeds

No profits for Freeserve – for two, three years

Pluthero speaks

  • alert
  • submit to reddit

High performance access to file storage

Monster ISP Freeserve is not expected to make a profit for the next two or three years, its CEO said today. John Pluthero's comments were made on the BBC's Today programme after the company announced its quarterly results. Total turnover was up 36 per cent to £5.1 million during Q3, compared with the second quarter. Losses before taxation were down slightly at £3.5 million, compared to £3.6 million in the previous quarter. E-commerce and advertising revenue grew by 54 per cent to £2.8 million compared to the previous quarter. This now represents 55 per cent of Freeserve' total income. Connectivity revenues increased by 19 per cent to £2.3 million compared to the previous quarter, reflecting the increase in total minutes online and a higher percentage of minutes online at peak rates. However this revenue source could begin to dry up if Freeserve's limited and 24/7 unmetered access packages, announced earlier this week, become widely adopted among its 1.8 million users. Freeserve also announced today that it was forking out a maximum of £60 million in shares for SmartGroups.com, which provides community-based e-mail products and tools. ® Related Stories Freeserve chants 24/7 unmetered mantra

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.