Endurance International Group Narrows Loss in Q2 2018

 

The Endurance family of web hosting services brands includes Bluehost, HostGator, Domain.com, Constant Contact, and SiteBuilder, among others. Headquartered in Burlington, Massachusetts, Endurance International Group employs over 3,500 people across the United States, Brazil, India, and the Netherlands. Net loss for the company’s second quarter of 2018 was $2.0 million, compared to net loss of $39.1 million for the second quarter of 2017.

Revenue for the second quarter of 2018 was $287.8 million, a decrease of 2 percent compared to $292.3 million for the second quarter of 2017. Cash flow from operations for the second quarter of 2018 was $29.9 million, a decrease of 39 percent compared to $48.7 million for the second quarter of 2017.

Endurance’s adjusted EBITDA for the second quarter of 2018 was $85.0 million, an increase of 3 percent compared to $82.5 million for the second quarter of 2017.

Increased Revenue per Subscriber

Total subscribers on Endurance’s platforms at June 30, 2018 were approximately 4.918 million, compared to approximately 5.217 million subscribers at June 30, 2017 and approximately 5.011 million subscribers at March 31, 2018. However, average revenue per subscriber for the second quarter of 2018 was $19.32, compared to $18.52 for the second quarter of 2017 and $19.30 for the first quarter of 2018.

“We are pleased with our year to date results, and the team remains focused on executing our 2018 integrated operating plan,” said Jeffrey H. Fox, president and chief executive officer (CEO) of Endurance International Group. “Our second quarter results reflect our focus on meeting our financial and operating goals while simplifying our business and investing to deliver increased value to our customers.”

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