Preliminary Q1 2024 adjusted EBITDA $81M vs $19M YoY; revenue $270-275M

CINCINNATI BELL INC

Estimated Q1 2024 revenue $270-275M, operating loss $(5)-0M vs $(35-40M) in Q1 2023.
Adjusted EBITDA from continuing ops ~$81M vs $19M in prior-year quarter (preliminary).
Net loss improved to $(45-35M) from $(70M) in Q1 2023; CBTS sold Feb 2024 as disc. ops.
Fiber penetration 48% in Cincinnati, 29% in Hawaii; cumulative Fioptics capex $926M since 2017.
Company pursuing incremental term loan facility; lender presentation includes financial highlights.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

CINCINNATI BELL INC reported preliminary financial results for the fiscal quarter ended March 31, 2024.

Period: the fiscal quarter ended March 31, 2024
Result: preliminary results

Exact text from the filing

On May 16, 2024, in connection with a proposed incremental term loan facility, Cincinnati Bell Inc. (the “ Company ”) made available to prospective lenders a lender presentation (the “ Lender Presentation ”). The Lender Presentation contains certain estimated and preliminary unaudited financial results for the fiscal quarter ended March 31, 2024 and other information derived therefrom.

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Source: SEC EDGAR

accession 0000950157-24-000773

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