ATN Q3 2022 Earnings Report
Key Takeaways
ATN International reported a 9% increase in consolidated revenues, reaching $182.2 million in Q3 2022. Operating income and Adjusted EBITDA also improved compared to the same period last year, driven by the performance of Alaska Communications. The company is reiterating its financial outlook for 2022.
Consolidated revenues increased by 9% year over year to $182.2 million.
Operating income improved to $1.4 million, compared to an operating loss of $1.0 million in the same period last year.
Adjusted EBITDA increased to $41.9 million, compared to $36.8 million in the same period last year.
International mobility subscriber base and mobility revenues grew by 9% and 11%, respectively, year over year.
ATN
ATN
ATN Revenue by Segment
Forward Guidance
The Company is reiterating its outlook for its 2022 financial performance and its 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. The Company’s full year 2022 capital investment plan is $150 to $160 million (net of reimbursed amounts), primarily in network expansion and upgrades, which are expected to drive subscriber and revenue growth in the following periods. The Company continues to expect its Adjusted EBITDA to be in the range of $165 to $170 million for the full year
Revenue & Expenses
Visualization of income flow from segment revenue to net income