NEW YORK - Frontier Communications (OTC:FTRCQ) Parent, Inc. (NASDAQ:FYBR) reported mixed first-quarter 2025 results on Tuesday, with earnings missing estimates but revenue in line as the company’s fiber broadband business continued to show strong growth.
The telecommunications company reported a loss of $0.26 per share, $0.03 worse than analyst estimates of a $0.23 per share loss. Revenue came in at $1.51 billion, matching consensus expectations.
Frontier’s fiber broadband business was a bright spot, with fiber broadband revenue surging 24% year-over-year to $514 million. The company added 107,000 fiber broadband customers in Q1, bringing its total fiber broadband customer base to 2.5 million, up 19.3% from a year ago.
"We had the strongest start to a year yet, led by continued strength in our fiber business," said CEO Nick Jeffery. "Consumers, business owners and technology companies are increasingly relying on fiber to power networks and connect to the digital economy – and that trend is shining through in our results."
The company expanded its fiber network to reach over 8.1 million locations passed, up from 6.8 million a year ago. Frontier aims to reach 10 million fiber locations passed as part of its turnaround strategy.
Total revenue increased 3.4% YoY, driven by 16.6% growth in consumer fiber revenue that was partially offset by declines in legacy copper-based products. Adjusted EBITDA rose 6.6% to $583 million.
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