Frontier Communications(FYBR) - 2023 Q1 - Earnings Call Presentation

Financial Performance - Frontier reported Q1 2023 revenue of $144 billion [14] - Adjusted EBITDA for Q1 2023 was $519 million [14] - Adjusted EBITDA from Fiber products was $322 million in Q1 2023 [14] - The company has $27 billion of liquidity [37] Customer Growth and ARPU - Fiber broadband customer base increased by 19% year-over-year [5, 90] - Business fiber broadband customer increased by 10% year-over-year [5, 17] - Gig+ activation mix increased by 10 points since January to over 55% [98] Fiber Expansion and Revenue - Fiber revenue growth accelerated to 17% for consumer ex video [10, 21, 30] - Business and Wholesale Fiber revenue increased approximately 6% year-over-year [5, 30] - Frontier built 339000 new fiber locations in Q1 2023, a 60% increase compared to the same period last year [85] Cost Savings and Targets - The company increased its cost savings target to $500 million by the end of 2023 [35, 85]