solidated munications (US:CNSL)2022-05-08 06:01Financial Performance (Q1 2022) - Revenue was $3003 million, a decrease of 75% year-over-year[19] - Consumer Fiber Broadband revenue increased by 221% to $172 million[19] - Adjusted EBITDA was $1072 million, a decrease of 153% year-over-year[19] - Capital expenditures (Capex) increased by 1077% to $1577 million[19] Fiber Expansion and Deployment - The company plans to upgrade 16 million passings to Gig+ fiber capable services by 2025, targeting over 70% of its service area[13, 26] - In Q1 2022, fiber was built to 83700 additional locations, bringing total fiber passings to approximately 690000, which is 25% of the company's service area[21] - The company aims to upgrade 400000 fiber passings in 2022[13, 28] Subscriber Growth and ARPU - The company added a record 8000 total fiber subscribers in Q1 2022, doubling the growth from the previous year[21] - Consumer Fiber ARPU (Average Revenue Per Unit) was $6388[22] - The company achieved a 26% year-over-year increase in fiber connections[22] Strategic Initiatives and Outlook - The company's 2022 outlook includes an adjusted EBITDA of $410 million to $425 million and Capex of $475 million to $495 million[29] - The company is focused on a commercial go-to-market strategy that leverages fiber assets to increase lit buildings, which grew 11% year-over-year to 15446 buildings[25]