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Dec 31, 2022
Frontier Communications Q4 2022 Earnings Report
Frontier Communications reported strong fourth-quarter results, driven by record operational performance and fiber expansion.
Key Takeaways
Frontier Communications reported Q4 2022 revenue of $1.44 billion and net income of $155 million. The company added a record 76,000 fiber broadband customers and built fiber to a record 381,000 locations. Consumer fiber broadband ARPU was $61.20, while business fiber broadband ARPU was $107.68.
Built fiber to a record 381,000 locations.
Added a record 76,000 fiber broadband customers.
Revenue of $1.44 billion and net income of $155 million were reported.
Annualized run-rate cost savings of $336 million was achieved.
Frontier Communications
Frontier Communications
Frontier Communications Revenue by Segment
Forward Guidance
Frontier provided guidance for the full year 2023, including Adjusted EBITDA of $2.11 - $2.16 billion and fiber build of 1.3 million new locations.
Positive Outlook
- Adjusted EBITDA of $2.11 - $2.16 billion
- Fiber build of 1.3 million new locations
- Cash capital expenditures of $2.80 billion
- Cash taxes of approximately $20 million
- Net cash interest payments of approximately $630 million