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Shentel Q1 2025 Earnings Report
Shentel reported its first quarter 2025 financial and operating results, showing significant growth in Glo Fiber Expansion Markets and overall revenue.
Key Takeaways
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.
Glo Fiber Expansion Markets data subscribers increased by 51% year-over-year to approximately 71,000.
Total revenue grew 26.9% to $87.9 million, with Glo Fiber Expansion Markets revenue specifically increasing by 52% to $18.4 million.
Net loss from continuing operations was $9.1 million, an increase from $4.1 million in the prior year, mainly due to higher depreciation and amortization.
Adjusted EBITDA increased by 43.3% to $27.6 million, with Adjusted EBITDA margins improving from 28% to 31%.
Revenue by Segment
Forward Guidance
The report does not contain explicit forward-looking guidance in terms of specific financial targets or outlook for future periods. However, it does discuss the company's business strategy and expectations.
Positive Outlook
- Continued execution and growth in Glo Fiber Expansion Markets with new subscribers and passings.
- Anticipated higher Horizon synergy savings contributing to Adjusted EBITDA growth.
- Focus on increasing Adjusted EBITDA margins.
- Expansion of high-speed fiber optic and cable networks.
- Leveraging an extensive regional network with over 17,200 route miles of fiber.
Challenges Ahead
- Potential for expected savings and synergies from the Horizon transaction to not be realized or take longer/cost more.
- Risks associated with changes in overall economic conditions, including rising inflation.
- Uncertainties related to regulatory requirements and changes in technologies.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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