Shentel reported a 3.2% increase in total revenue to $88.6 million in Q2 2025, primarily driven by a 40.5% growth in Glo Fiber Expansion Markets revenue. The company also saw a significant improvement in net loss from continuing operations and a 21.9% increase in Adjusted EBITDA, with margin expansion.
Shentel experienced strong growth in the first quarter of 2025, with total revenue increasing by 26.9% to $87.9 million, primarily driven by the acquired Horizon markets and Glo Fiber Expansion Markets. Despite an increase in net loss due to higher depreciation and amortization, Adjusted EBITDA grew significantly by 43.3% to $27.6 million.
Shentel reported its fourth quarter and full year 2024 results, highlighting the successful expansion into Ohio through the acquisition of Horizon and the integration completion in nine months.
Shentel reported record Glo Fiber net additions and revenue in Q3 2024, leading to top-line revenue growth. The company is making progress with the Horizon acquisition integration, expecting $11 million in annual synergy savings. Glo Fiber and synergies are expected to be key growth catalysts in 2025.
Shentel announced second quarter 2024 financial and operating results, highlighting progress in executing their Fiber First strategy with Glo Fiber and the successful integration of the Horizon acquisition.
Shentel reported first quarter 2024 financial and operating results, highlighting a record quarter for Glo Fiber net subscriber additions and the completion of a major acquisition and divestiture.
Shentel announced its Q4 and full year 2023 results, highlighting Glo Fiber as a major growth catalyst and its largest line of business.
Shentel reported solid financial results for Q3 2023, driven by the accelerating growth and increased scale of its Glo Fiber Markets. The company reached a new milestone in the number of passings and experienced growth in subscribers and revenue.
Shentel announced second quarter 2023 financial and operating results, highlighting the solid execution of their Fiber First growth plan and the continued scaling of their fiber network. Broadband Adjusted EBITDA margin was 39% compared to 36% in the same period a year ago.
Shentel announced first quarter 2023 financial and operating results, highlighting a record quarter for Glo Fiber Markets data net additions and revenue, as well as for Broadband revenue and Adjusted EBITDA. The company is starting to see operating leverage and margin expansion in its Broadband business as Glo Fiber accelerates growth and increases scale.
Shentel reported fourth quarter and full year 2022 results, highlighting the success of their Glo Fiber business plan with significant customer and network expansion.
Shentel reported a record quarter for Glo Fiber net additions, with Glo Fiber service contributing positive incremental Adjusted EBITDA for the first time since its launch three years ago.
Shentel reported strong execution of its fiber first strategy, reaching the 100,000 fiber passings milestone in the second quarter and is on target to construct 75,000 new passings this year.
Shentel reported solid top line revenue growth, but margins were impacted by increases in operating expenses due to improved employee compensation and upgraded back-office systems. The company expects margin improvements in the second half of 2022 through cost savings initiatives.
Shentel reported fourth quarter and full year 2021 financial and operating results, highlighting the successful divestment of the Wireless business and scaling of the fiber-to-the-home platform.
Shentel reported strong momentum in business development, construction, and sales, leading to an upgrade of the target for Glo Fiber from 300,000 to 450,000 serviceable addresses by 2026.
Shentel reported strong progress in growing broadband networks and data subscribers, coupled with a reduction in operating expenses, leading to outstanding revenue and Adjusted OIBDA growth rates. The sale of Wireless assets and operations to T-Mobile was completed on July 1, 2021, resulting in over $936 million returned to shareholders via a special dividend.
Shentel reported strong first quarter 2021 results with growth in broadband data net additions, newly constructed passings, revenues and Adjusted OIBDA. The company is affirming the full-year 2021 guidance.
Shenandoah Telecommunications Company reported its fourth-quarter results, highlighting a successful and pivotal year with momentum in their Broadband strategy.
Shentel reported strong Q3 2020 results, driven by continued demand for high-speed internet services and the early success of Glo Fiber. The company is focused on the upcoming Wireless appraisal process and the transition to a broadband-centric company.
Shentel's broadband business had strong operating results due to increased demand from stay-at-home and work-from-home initiatives. The wireless business began to rebound with strong prepaid growth, and all COVID-19 related temporary retail store closures were re-opened by the end of the quarter.
Shentel reported its first quarter 2020 results, noting that the COVID-19 crisis began to affect operating and financial results during the latter part of the quarter, but the effects were not material to the overall performance.
Shentel reported their Q4 and full year 2019 results, highlighting progress in their strategic plan with investments in cable and wireless networks leading to positive returns. Cable broadband penetration grew, and the Wireless business achieved a record year in postpaid additions. The company launched Glo Fiber and acquired mid-band spectrum for a fixed wireless broadband launch planned for later in the year.