Shentel posts Q4 2024 loss of $6.2M as revenue climbs to $85.4M; Glo Fiber customers up 56%

SHENANDOAH TELECOMMUNICATIONS CO/VA/

2024-FY EPS reported $3.54 revenue$328,058,000

Full year 2024 revenue $328.1M (+21.9% YoY); net loss from continuing ops $28.4M vs income $1.0M in 2023.
Q4 2024 revenue $85.4M (+25.8%); Q4 loss from continuing ops $6.2M vs income $1.9M in Q4 2023.
Adjusted EBITDA: full year $94.6M (+19.7%); Q4 $25.5M (+28.1%).
Glo Fiber expansion: data customers grew 56% to over 65,000; passings up 48% to ~346,000.
Horizon acquisition integration completed; annual run-rate synergy target raised to $13.8M by early Q2 2025.

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