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Sep 30, 2024
Uniti Q3 2024 Earnings Report
Reported solid demand for mission critical fiber infrastructure and made significant progress on merger with Windstream.
Key Takeaways
Uniti Group Inc. reported consolidated revenues of $292.2 million and net income of $12.2 million for the third quarter of 2024. The company saw solid demand for its fiber infrastructure, with consolidated bookings of nearly $1 million in monthly recurring revenue. Uniti is on track to close the merger with Windstream by the second half of 2025.
Consolidated bookings of nearly $1 million in monthly recurring revenue.
Demand from Hyperscaler customers remains strong.
On track to close the merger with Windstream by the second half of 2025.
Windstream now has capital to accelerate Kinetic’s fiber-to-the-home buildout.
Forward Guidance
The Company is updating its 2024 outlook primarily for business unit level revisions, and transaction related and other costs incurred to date. Our outlook excludes any impact from the expected merger with Windstream, future acquisitions, capital market transactions, and future transaction-related and other costs not mentioned herein.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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