Shentel Q1 revenue up 27% to $87.9M; Adjusted EBITDA up 43% to $27.6M

SHENANDOAH TELECOMMUNICATIONS CO/VA/

2025-Q1 EPS reported -$0.19 revenue$87,898,000

Revenue rose 26.9% YoY to $87.9M, driven by $15.2M from acquired Horizon markets and 52% Glo Fiber revenue growth.
Net loss from continuing ops widened to $9.1M vs $4.1M loss a year ago, due to higher D&A from Horizon and Glo Fiber expansion.
Adjusted EBITDA grew 43.3% to $27.6M; excluding Horizon, EBITDA rose 20.6% and margin improved from 28% to 31%.
Glo Fiber Expansion data subscribers increased 51% to ~71,000; total broadband homes passed reached ~604,000.
Depreciation and amortization jumped 68.9% to $12.0M, reflecting Horizon asset base and Glo Fiber network build.

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