Frontier reports Q1 revenue growth, first since 2015; EBITDA up 5.4%

Frontier Communications Parent, Inc.

2024-Q1 EPS reported $0.00 revenue$1,462,000,000

Revenue of $1.46B (+1.5% YoY) marks first quarterly revenue growth since 2015.
Adjusted EBITDA of $547M (+5.4% YoY); net income of $1M.
Fiber broadband revenue grew 24% YoY to $375M on 85K consumer net adds and ARPU of $65.18.
Reaffirmed FY2024 outlook: Adjusted EBITDA $2.20-2.25B, fiber passes additions 1.3M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Frontier Communications Parent, Inc. reported quarter ended March 31, 2024 results: revenue $1.46 billion, net income $1 million.

Period: quarter ended March 31, 2024
Revenue: $1.46 billion
Net income: $1 million
Result: reported results

Exact text from the filing

to reach 6.8 million total locations passed with fiber • Added 88,000 fiber broadband customers, resulting in fiber broadband customer growth of 18% year-over-year • Revenue of $1.46 billion increased 1.5% year-over-year as growth in fiber-based products was partly offset by declines in copper-based products • Operating income of $90 million and net income of $1

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Source: SEC EDGAR

accession 0001140361-24-024209

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