Frontier Communications Parent, Inc. ( (FYBR) ) has released its Q4 earnings. Here is a breakdown of the information Frontier Communications Parent, Inc. presented to its investors.
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Frontier Communications Parent, Inc. is a leading provider of fiber-optic broadband services in the United States, focusing on delivering high-speed internet connectivity to millions of homes and businesses. The company operates primarily in the telecommunications industry and is recognized as the largest pure-play fiber provider in the nation.
In its latest earnings report for the fourth quarter and full-year 2024, Frontier Communications announced significant accomplishments, including achieving full-year organic revenue growth for the first time in over 15 years. This growth was driven by a substantial increase in fiber broadband customers and revenues. The company also reported a notable rise in adjusted EBITDA, demonstrating improved operational efficiency.
Key financial highlights from the report include a full-year revenue of $5.94 billion, an operating income of $353 million, and an adjusted EBITDA of $2.25 billion. Frontier added 1.3 million new fiber passings, reaching a total of 7.8 million locations, and saw a record addition of 385,000 fiber broadband customers. The company also achieved consumer fiber broadband ARPU growth and secured a $1.5 billion loan to support its fiber buildout.
Throughout 2024, Frontier’s transformation efforts continued to pay off, with a 19.2% growth in fiber customers and a 13.5% increase in fiber revenues. The company’s strategic focus on expanding its fiber network and improving customer service has positioned it well for future growth. However, the report also noted ongoing challenges, such as declines in copper-based products and a net loss for the year.
Looking ahead, Frontier Communications anticipates continued growth in its fiber offerings and aims to further enhance its position in the market. The pending acquisition by Verizon Communications Inc. is expected to further bolster its capabilities, with the transaction anticipated to close by the first quarter of 2026, pending regulatory approvals.
