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Subscriber
Values
by
ISP-Planet Staff
[January 3, 2001]
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Dial-up, cable modem, or free Internet access subscriberthe
value of each client continues to changebe it a residential or business
connection.
We list public companies only and do not include ISPs that are part of
much larger firm, like MSN, for example. Current subscriber counts are
derrived from ISP-Planets ISP
Rankings
with the exception of AOL, for which we use worldwide subscriber
counts here.
History In response to readers' requests, we now provide historical data for the
subscriber values here
.
Transaction data Third party subscriber value research
from MCG Capital
Corporation averages the ISPs that MCG has bought and sold in the past
year. Revenue per subscriber per month is particularly interesting data.
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ISP Subscriber
Value: $1,100
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Rank
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ISP
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Value per subscriber
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Market Cap (millions)
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Number of subscribers
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[AOL]
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AOL
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$2,980
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$74,512
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25,000,000
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[ELNK]
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Earthlink
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$161
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$694
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4,300,000
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[PRGY]
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Prodigy
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$157
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$109
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2,200,000
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ISP Cable Subscriber
Value: $1,197
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[WGAT]
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WorldGate
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$1,476
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$100
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68,000
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[SOFN]
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SoftNet (1)
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$1,323
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$46
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35,000
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[ATHM]
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Excite@Home
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$791
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$1,818
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2,300,000
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(1)
SoftNet has at least 17,000 satellite subscribers through its Intellicom
subsidiary. Subscribers to SoftNet's new Aerozone subsidiary are
not counted here.
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Free ISP Subscriber
Value: $17
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[NZRO]
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NetZero
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$24
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$88
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3,600,000
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[JWEB]
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Juno
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$9
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$33
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3,700,000
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(1)
Juno has
a
mix of fee and free services.
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ISP Subscriber Sale Value: $404
(based on subscriber per sale analysis)
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Date
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Buyer
/ Seller
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Value per subscriber
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Sale price (millions)
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Number of subscribers
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| 9-00
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Earthlink/OneMain.com
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$404
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$308
(approx.)
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762,000
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5-00
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Prodigy/FlashNet
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$275
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$55
(approx.)
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200,000
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3-00
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CoreComm/Voyager.net
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$1,405
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$506.1056
(approx.)
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360,000
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1-00
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OneMain/Radiks.net
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$536
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$7.5
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14,000
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| 10-99
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Voyager/ComNet,
TDI Internet, Choice Dot Net *
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(avg.)
$499
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$12.5
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25,000
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| 9-99
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Voyager/MichWeb, Internet
Connection Services *
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(avg.)
$41
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$1.2
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30,000
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*
Composite figures: Prices and subscriber counts for individual acquisitions were
not available.
Subscriber values
are derived from available market capitalization figures and subscriber
disclosures of publicly traded ISPs. Market data is supplied by wsrn.com
.
Subscriber Sale Value is based on reports at ISP
News
, an internet.com
publication.
Market
Data from MCG Capital Corporation
By Number
of Subscribers
| Subscribers
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<
5,000
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5,000
to 20,000
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>
20,000
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Average
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Average
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Average
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Price
per $ of Revenue
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$1.98
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$1.9
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$4.75
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Price
per Subscriber
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$873
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$463
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$3,713
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Revenue/Sub/Month
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$52.23
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$26.63
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$24.22
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Last 12 months
(6/99 – 6/00)
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Average
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Median
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Price
per $ of Revenue
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$3.6
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$2.34
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Price
per Subscriber
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$1,199
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$489
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Revenue/Sub/Month
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$35.27
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$20.83
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Residential
ISPs (less than $30 rev. per sub.)
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Average
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Median
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Price
per $ of Revenue
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$3.06
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$2.25
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Subscriber
Multiple
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$563
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$478
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Revenue/Sub/Month
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$20.44
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$19.4
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Business
ISPs
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Average
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Median
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Price
per $ of Revenue
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$4.00
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$2.35
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Subscriber
Multiple
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$3,105
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$667
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Revenue/Sub/Month
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$3,960
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$166.67
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Private Market
Deals
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Average
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Median
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Price
per $ of Revenue
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$3.11
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$2.27
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Price
per Subscriber
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$719
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$476
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Revenue/Sub/Month
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$34.96
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$21
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