secwatch.observer — SEC 8-K summary
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Issuer:     CINCINNATI BELL INC (—)
CIK:        0000716133
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0000950157-24-000773
Event type: earnings
Sentiment:  positive
Materiality: 0.50
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/716133/000095015724000773/0000950157-24-000773-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/716133/000095015724000773/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-24-000773

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer