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Earnings reports

MFN Surpasses Q1 Guidance

NEW YORK -- Metromedia Fiber Network, Inc. (MFN) (Nasdaq: MFNX - news), the leader in deployment of optical IP Internet infrastructure within key metropolitan areas domestically and internationally, reported first quarter results for the period ended March 31, 2001. Revenues for the quarter ended March 31, 2001 increased 141% to $77.0 million, compared with $31.9 million reported for the quarter ended March 31, 2000. Revenues exceeded previous Company guidance of $74.0 million.

"We are very pleased with the results," said Nick Tanzi, president and chief operating officer. "We continue to meet or exceed our revenue targets, underscoring the uniqueness of our value proposition."

http://www.mmfn.com/index_new.html
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