Uniti Group Inc. Reports Third Quarter 2025 Results

Core Insights - Uniti Group Inc. reported strong growth in its fiber businesses driven by increasing demand from hyperscalers, large enterprises, and residential customers [1][2] - The company has a comprehensive plan to expand its fiber-to-the-home initiative, targeting 3.5 million homes by 2029 [1] - Uniti's consolidated revenue for Q3 2025 was $722.6 million, with an Adjusted EBITDA of $327.8 million, achieving a margin of approximately 45% [3][7] Financial Performance - Consolidated net income for Q3 2025 was $1.609 billion, which includes a one-time gain of $1.685 billion from the merger with Windstream [3][7] - Kinetic contributed $360.3 million in revenue with a contribution margin of $155.4 million, while Fiber Infrastructure generated $226.6 million in revenue with a margin of $157.7 million [4] - Uniti Solutions reported revenues of $135.7 million and a contribution margin of $72.2 million [5] Growth Metrics - Consolidated fiber revenue grew by 13% year-over-year in Q3 2025, with Kinetic Consumer Fiber revenue increasing by 26% [8] - Kinetic Consumer Fiber subscribers grew by 17% year-over-year, with gross adds of approximately 36,000, the highest on record [8] Financing Activities - Uniti completed a $1.4 billion offering of 7.500% Senior Secured Notes due 2033 and a new $1.0 billion term loan facility [9][10] - The company also closed a $250 million fiber securitization notes offering, with proceeds intended for general corporate purposes [11] Liquidity Position - At the end of the quarter, Uniti had approximately $604.0 million in unrestricted cash and cash equivalents, along with undrawn borrowing availability [12] Updated Outlook - The company updated its 2025 outlook, projecting consolidated revenue between $2.215 billion and $2.265 billion, with Adjusted EBITDA expected to be between $1.110 billion and $1.160 billion [14][15]