The war in Iraq has hit the bottom lines of countless global media companies, but for web giant T-Online it has provided a boost.
Europe’s largest internet service provider swung to its first ever profit in the first quarter, in part thanks to increased traffic from news-hungry war watchers.
T-Online – a unit of Deutsche Telekom – edged €2 million (€2.3m; £1.4m) into the black, up from a €92m loss in Q1 2002, while revenues surged 22.5% to €445m.
“Increased demand for up-to-the-minute information during the Iraq conflict boosted our access business,” the group declared.
Also contributing to the ISP’s revenue climb was an increase in its subscriber base from 12.24m at the beginning of the quarter to 12.47m at the end, three million of which are signed-up to premium-priced broadband packages.
Data sourced from: Times Online (UK); additional content by WARC staff