Overview

* Spok Q3 2025 total revenue declines 2.9% yr/yr

* Wireless ARPU rises 3% yr/yr, net churn improves by 20 bps

* Company returns $6.4 mln in capital to stockholders in Q3 2025

Outlook

* Spok ( SPOK ) reaffirms 2025 revenue guidance of $138.0 mln to $143.5 mln

* Company expects 2025 adjusted EBITDA between $28.5 mln and $32.5 mln

* Spok ( SPOK ) projects 2025 wireless revenue between $71.5 mln and $73.5 mln

Result Drivers

* MANAGED SERVICES REVENUE - Growth in managed services revenue contributed to stable software revenue despite declines in other areas

* WIRELESS ARPU - Wireless average revenue per unit increased by 3% year-over-year, supporting revenue stability

* R&D INVESTMENT - Spok ( SPOK ) invested $9.1 mln in R&D to support future growth in its product platform

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $3.20

Income mln

Q3 $6.61

Adjusted mln

EBITDA

Q3 $28.48

Adjusted mln

Operatin

g

Expenses

Q3 $29.51

Operatin mln

g

Expenses

Q3 $16.07

Software mln

Revenue

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the wireless telecommunications services peer group is "buy"

* Wall Street's median 12-month price target for Spok Holdings Inc ( SPOK ) is $19.50, about 15.8% above its October 28 closing price of $16.41

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)