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Uniti Group Q3 revenue slightly misses analyst estimates; raises FY revenue forecast

By Reuters News


Overview

  • US fiber infrastructure provider's Q3 revenue was a slight miss versus analyst expectations

  • Company's fiber revenue rose 6% yr/yr, Kinetic consumer fiber revenue up 22% yr/yr

  • Company raised full-year revenue guidance on strong fiber bookings and enterprise demand


Outlook

  • Uniti sees 2026 revenue between $3.67 bln and $3.70 bln

  • Company expects 2026 net loss of $620 mln to $590 mln

  • Uniti forecasts 2026 adj EBITDA of $1.46 bln to $1.49 bln


Result Drivers

  • KINETIC CONSUMER FIBER - Record net additions and expansion of fiber footprint drove segment growth, per CEO Kenny Gunderman

  • FIBER INFRASTRUCTURE BOOKINGS - Strong new bookings driven by demand from large enterprise and hyperscaler customers, per CEO Kenny Gunderman


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Slight Miss*

$848.10 mln

$851.73 mln (6 Analysts)

Q3 Loss Per Share

$1.03

Q3 Net Loss

$244.50 mln

Q3 Pretax Loss

$240.50 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 4 "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) is $11.38, about 117.9% above its November 6 closing price of $5.22


Reuters Recommended Reads

  • Nov 6 - Array Digital Infrastructure Q3 revenue rises on site rental growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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