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Mar 31, 2022
ATN Q1 2022 Earnings Report
Reported an increase in revenue driven by the addition of Alaska Communications' results, but experienced a decrease in operating income due to one-time losses on disposed assets.
Key Takeaways
ATN International reported a strong start to 2022 with increased subscriber counts and revenue growth, driven by its focus on fiber optic deployments. The company is confident in its 2022 and three-year forecasts, expecting continued expansion and improved financial results.
Expanded subscriber counts and reach in multiple markets.
Rapidly deploying fiber optic facilities and other high-speed solutions.
More than half a million homes passed by broadband networks, up 92% from a year ago.
Capable of delivering higher-speed data services to 38% of residential subscribers.
ATN
ATN
ATN Revenue by Segment
Revenue by Segment
International Telecom Revenue
CapyFin.comUS Telecom Revenue
CapyFin.com Forward Guidance
The Company is reiterating its outlook for 2022 financial performance, originally provided on February 23, 2022, within its fourth quarter and full year 2021 earnings release and expects its Adjusted EBITDA levels to increase in the latter part of the year and to be in the range of $165 to $170 million for the full year.
Positive Outlook
- Continued capital investments in the range of $150 to $160 million (net of reimbursed amounts), primarily in network expansion and upgrades, which are expected to drive subscriber and revenue growth.
- Adjusted EBITDA levels to increase in the latter part of the year
- Contribution of a full year of business results from Alaska Communications.
- Targets to be achieved in the three-year period ending in 2024, originally provided on February 23, 2022 within its fourth quarter and full year 2021 earnings release.
- Compound annual revenue growth (excluding construction revenues) of 4-6%, leading to 2024 revenue in the range of $770 to $810 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income