Earthlink’s Share of Helio’s Losses in Q2: $13.3 Million

Not sure what the exact Helio losses were for Q3, but some indication from parent company Earthlink’s Q2 earnings announcement today and we’ll have more later from the analyst conference call. EarthLink said losses (its share) related to Helio were $13.3 million. Assuming SK Telecom had similar losses in the join venture, that would make it about $26.6 million for the quarter.
For Q3, EarthLink expects a loss of $20 million to $25 million from to the company’s share of the losses of Helio. For full year, EarthLink expects its share of Helio losses to be $75 million to $85 million.
Release here.
From conference call transcript, by SeekingAlpha: Helio’s still in the process of expanding its distribution footprint, but already the service is available at more than 1,100 locations around the country, including Tower Records, Fry’s, FYE and wireless agents as well as online at helio.com. For the remainder of 2006, Helio will continue to expand its distribution channels and device offerings. In fact, just last week Helio launched TV and radio advertising in key cities like Chicago, Los Angeles and San Francisco. Plus, print advertising in national and regional magazines is occurring as we speak.

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