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Dec 31, 2024
Frontier Communications Q4 2024 Earnings Report
Frontier Communications reported revenue growth driven by fiber expansion but faced a net loss.
Key Takeaways
Frontier Communications reported Q4 2024 revenue of $1.51 billion, a 5.6% increase year-over-year, driven by fiber broadband growth. However, the company posted a net loss of $118 million despite an operating income of $86 million. Adjusted EBITDA increased to $595 million, reflecting an 8.4% year-over-year rise. Capital expenditures totaled $792 million, and the company secured a $1.5 billion term loan to support fiber expansion.
Revenue grew 5.6% YoY to $1.51 billion, driven by fiber broadband growth.
Net loss of $118 million despite $86 million in operating income.
Adjusted EBITDA rose 8.4% YoY to $595 million.
Invested $792 million in capital expenditures to expand fiber network.
Revenue by Segment
Forward Guidance
Frontier expects continued revenue growth driven by fiber expansion, but challenges in cost control and capital expenditures remain.
Positive Outlook
- Continued growth in fiber broadband customers.
- Higher fiber broadband ARPU improving revenue per user.
- Expansion of fiber network to 7.8 million locations.
- Improved Adjusted EBITDA due to cost efficiencies.
- Secured $1.5 billion loan to support fiber buildout.
Challenges Ahead
- Net loss despite revenue growth.
- Higher customer acquisition costs affecting profitability.
- Increased capital expenditures limiting free cash flow.
- Declining copper revenue continues to offset fiber gains.
- Churn rate in fiber broadband increased slightly YoY.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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