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Sep 30, 2023
ATN Q3 2023 Earnings Report
ATN reported solid revenue growth driven by 'First-to-Fiber' and 'Glass & Steel' strategies.
Key Takeaways
ATN International reported a 5% increase in consolidated revenues, driven by higher fixed and carrier services revenues. Operating income and Adjusted EBITDA also increased. The company is reiterating its 2023 outlook and providing preliminary guidance for the full year 2024.
Revenue increased by 5% year-over-year.
Operating income rose from $1.4 million to $6.8 million year-over-year.
Adjusted EBITDA increased to $47.8 million from $43.6 million in the year-ago quarter.
Strong high-speed broadband subscriber growth of 20%.
Revenue by Segment
Forward Guidance
The Company is continuing investments in its “Glass & Steel™” and “First-to-Fiber” market strategies and reiterating its 2023 outlook and providing preliminary guidance for the full year 2024 as network investments begin to return to more normalized levels and management continues its focus on increasing free cash flow and driving positive returns on its network investments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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