Benzinga | May 6, 2021 07:16AM EDT

Vonage Sees Q2 Communications Platform Revenues $260M-$264M, Sees FY21 Communications Platform Revenues $1.062B-$1.071B

Updated 2021 and Second Quarter Outlook

For the full year 2021, the Company now expects the following:

* Vonage Communications Platform segment revenues in the range of $1.062 billion to $1.071 billion; within this: Vonage Communications Platform service revenues are expected to grow 18% to 19% Consumer revenues in the $285 million range Consolidated revenues in the range of $1.347 billion to $1.356 billion Vonage Communications Platform adjusted EBITDA in the range of $0 million to $5 million Consumer adjusted EBITDA in the range of $185 million to $189 million Consolidated adjusted EBITDA in the range of $185 million to $194 million Capex in the $65 million range For the second quarter of 2021, Vonage expects the following: Vonage Communications Platform revenues in the range of $260 million to $264 million Vonage Communications Platform service revenues are expected to grow 16% to 18% Consumer revenues in the $73 million range Consolidated revenues in the range of $333 million to $337 million Vonage Communications Platform adjusted EBITDA in the ($4) million to $0 million range Consumer adjusted EBITDA in the $46 million range Consolidated Adjusted EBITDA in the range of $42 million to $46 million Capex in the $16 million range