Frontier Communications posts record fiber net adds, double-digit EBITDA growth in Q3 By Investing.com
Frontier Communications Parent's Q3 results show a promising revenue growth of $1.55 billion, surpassing expectations. Despite a matched loss per share, the company's fiber broadband growth is a standout, with a record 133,000 new customers and a 20.2% increase year-over-year. Operational improvements include a 16% growth in adjusted EBITDA, reaching $637 million, and a significant expansion of its fiber network to 8.8 million homes and businesses. The planned acquisition by Verizon and a decrease in customer churn further bolster Frontier's positive outlook.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.