Uniti Q3 2021 Earnings Report
Key Takeaways
Uniti Group Inc. reported consolidated revenues of $266.7 million for the third quarter of 2021. Net income was $43.7 million, and Adjusted EBITDA was $217.2 million. Adjusted Funds From Operations (AFFO) attributable to common shareholders was $109.9 million, or $0.43 per diluted common share, representing a 19% increase compared to the third quarter of 2020.
Achieved second consecutive quarter of consolidated bookings of approximately $1.0 million in monthly recurring revenue.
Net income of $0.17 per diluted common share, an increase of $0.13 per diluted common share from the prior year third quarter.
Adjusted EBITDA and AFFO grew 9% and 19%, respectively, from the prior year third quarter.
AFFO Per Diluted Common Share of $0.43 for the Third Quarter
Uniti
Uniti
Uniti Revenue by Segment
Forward Guidance
The Company is updating its 2021 outlook primarily for the impact of our offering of the 2030 Notes and related redemption, lower than expected operational costs, and the impact of transaction-related and other costs incurred to date.
Revenue & Expenses
Visualization of income flow from segment revenue to net income