Feeds

Excite@Home seeks global broadband domination

Ha! Not on these figures it won't

  • alert
  • submit to reddit

Top three mobile application threats

Excite@Home's boast of becoming a global broadband player appears to be ringing a little hollow today following the publication yesterday of its Q1 results.

At the end of March the outfit recorded some 3.2 million consumer broadband customers. However, of these only 333,000 were recruited from its global operations outside of North America.

With 90 percent of broadband subscribers in the US and the other 10 per cent scattered about the world, it seems to be a bit rich banging on a about a global operation, no?

Indeed, it's not known at this point how many of the 450,000 "worldwide broadband subscribers" that it attracted during the last quarter were actually from outside the US. Our guess is that it's not that much.

No matter. It's still early days for broadband and all the signs so far suggest that it's going to be a long old haul before hi-speed Net access reaches any sizeable or significant penetration - certainly outside the US.

Indeed, Excite@Home's international operations failed to inspire much at all. Combined, they contributed just $6.8 million in Q1 - a 6 per cent increase over Q1 2000. And that performance is on the basis that international broadband subscribers - mostly in Japan we note - have increased fivefold since March 2000.

The majority of Excite@Home's revenue came from its US operation. It's consumer broadband subscribers made up $75.4 million in Q1 - just under half of total revenues $142.8 million. However, total Q1 figures are just up just 3 per cent up on the corresponding period last year.

Excite@Home also reported that revenues from media and advertising sources was down 41 per cent to $45.1 million in Q1 driven primarily by "general softness in the online advertising market".

Pitifully, traffic on the Excite Network, which includes Excite@Home's broadband and narrowband media properties, stagnated increasing by just one per cent on the year.

All this means that Net operating loss, which excludes non-operating costs and other items, was $61.6 million for the quarter, compared to a net operating loss of $4.6 million in Q1 2000. Executives blame the increase loss on the cost of developing the company's broadband network.

Net loss for the quarter was also up - from $676.5 million in Q1 2000 to $832.6 million in Q1 20001.

Oh, and before we forget, Excite@Home named Patti S Hart, the former CEO of Telocity, as its new CEO. Chairman, George Bell, has had enough and will leave the company. ®

Top three mobile application threats

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
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.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
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.