Overview

* Uniti Q3 revenue of $722.6 mln missed analyst expectations

* Net income of $1.609 bln includes one-time gain from Windstream merger

* Consolidated fiber revenue grew 13% yr/yr in Q3

Outlook

* Company expects 2025 revenue between $2.215 bln and $2.265 bln

* Uniti projects 2025 net income of $1.440 bln to $1.490 bln

* Company anticipates 2025 Adjusted EBITDA of $1.110 bln to $1.160 bln

Result Drivers

* FIBER BUSINESS GROWTH - Significant growth in fiber business driven by strong demand from hyperscalers, large enterprises, and residential customers

* KINETIC CONSUMER FIBER - Kinetic Consumer Fiber revenue grew 26% yr/yr and subscribers increased 17% yr/yr

* FIBER INFRASTRUCTURE BOOKINGS - Fiber Infrastructure new bookings monthly recurring revenue reached $1.6 mln, highest in over 2 years

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $722.60 $762.94

Revenue mln mln (7

Analysts

)

Q3 EPS $4.92

Q3 Net $1.60

Income bln

Q3 $1.47

Pretax bln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"

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

* Wall Street's median 12-month price target for Uniti Group Inc (Delaware) ( UNIT ) is $8.15, about 24.8% above its November 3 closing price of $6.13

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.)