Wednesday, November 2, 2011

Vonage Net Income Triples

Vonage Holdings Corporation reported that net income tripled to $24 million while its adjusted EBITDA was $40 million, in its most-recent quarter. Revenue was up $3 million from a year ago to $217 million, but this is down from $218 million just one quarter sequentially. Vonage Earnings

The real problem is that Vonage has just found it very difficult to grow. The company ended with 2,388,721 net subscribers lines, down from 2,397,660 at June 30, 2011 and also down from 2,399,035 as of September 30, 2010.

Vonage's 11-percent margin beats most retailers by quite some margin, but consumer VoIP remains a difficult business. 

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