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Dec 31, 2024

Uniti Q4 2024 Earnings Report

Reported fourth quarter and full year results, highlighting growth in strategic fiber revenue, increased consolidated bookings, and the completion of a landmark ABS financing.

Key Takeaways

Uniti Group reported consolidated revenues of $293.3 million for Q4 2024, with a net income of $21.6 million and Adjusted EBITDA of $239.5 million. The company's core recurring strategic fiber revenue grew by approximately 5% in 2024, and consolidated bookings were up 40% compared to the same period last year.

Consolidated revenues for the fourth quarter of 2024 were $293.3 million.

Net income for the fourth quarter of 2024 was $21.6 million.

Adjusted EBITDA for the fourth quarter of 2024 was $239.5 million, achieving Adjusted EBITDA margins of approximately 82%.

AFFO attributable to common shareholders was $92.0 million, or $0.35 per diluted common share.

Total Revenue
$293M
Previous year: $286M
+2.7%
EPS
$0.35
Previous year: $0.34
+2.9%
Cash and Equivalents
$656M
Previous year: $354M
+85.0%

Uniti

Uniti

Forward Guidance

The company’s 2025 outlook includes the estimated impact from the recent ABS financing and partial redemption of the 10.50% senior secured notes due 2028, and excludes any impact from the expected merger with Windstream, future acquisitions, capital market transactions, and future transaction-related and other costs.